About a-team Marketing Services
The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Perseus Beats Rivals to Live London to Frankfurt Microwave Service

Subscribe to our newsletter

Perseus Telecom has announced that it has been in live operation since last October with a London to Frankfurt microwave service linking key marketplaces in each financial centre. The announcement comes as rival Colt Technology Services confirmed to Low-Latency.com that its microwave service – based on a network built by Custom Connect MW – is undergoing final tests, but is yet to go live.

Perseus CEO Jock Percy declines to say which technology partners it has worked with for its service, or indeed what they are providing. Likewise, he is not saying how many firms are using the service. He does venture, however, that it is not working with Custom Connect, and that its proprietary service has been “successful and availability is excellent.” For its part, Custom Connect previously said it had sold 60% of the capacity on its service.

Both Perseus and Colt are offering microwave service between NYSE Euronext’s Basildon data centre (housing the Euronext cash and Liffe derivatives markets) and Equinix in Frankfurt (where Deutsche Boerse’s cash and its Eurex derivatives market are housed). Trading strategies that arbitrage between the markets benefit from the lowest latency of transactions.

Both services offer essentially the same latency. Colt does not provide performance data, but Custom Connect says its network has a Basildon-to-Frankfurt roundtrip latency of 4.74 milliseconds, while Perseus quotes “less than 4.6 milliseconds.” Similarly, both are citing 99% or higher uptime.

In addition, Perseus is linking into other London data centres to connect to the London Stock Exchange, London Metal Exchange, Bats Europe, and other markets. Percy declines to outline the network topology it has deployed.

In addition to microwave, Colt also offers fibre connectivity between Basildon and Frankfurt, an offering also provided by Perseus. Percy says it has three fibre routes in place, the fastest being less than 8.3 milliseconds roundtrip.  When weather conditions make microwave unreliable, trading firms need to revert to fibre for communications.

In addition to Colt, Fixnetix is also selling capacity on the Custom Connect network as part of its managed service offering.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Modernising Data Infrastructures: Challenges and opportunities of managing complex financial data and analytics in hybrid and multi-cloud environments

As they forge ahead with their digital transformation programs, financial institutions are finding that the internal platforms they use to manage complex data sets for trading, investment, risk, and compliance are no longer fit for purpose. The ongoing shift toward cloud hosting is forcing practitioners to manage the transition from deeply entrenched legacy platforms to...

BLOG

The Modernisation Imperative

In today’s fast-paced financial markets, institutions face a number of challenges. As well as having to cope with shrinking margins and ever-increasing regulatory scrutiny, firms are having to process more data from more sources than ever before, all in an increasingly competitive landscape. With everything moving so fast and changing so often, financial institutions are...

EVENT

Data Management Summit USA Virtual (Redirected)

Now in its 11th year, the Data Management Summit USA Virtual explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...