The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Perseus Debuts Fastest Transatlantic Link; Takes Aim at Hibernia’s Planned Express

Perseus Telecom, in partnership with India’s Reliance Globalcom, has debuted what is now the fastest transatlantic cable, dubbed QuanTA, and says it has plans to match the expected speed of Hibernia Atlantic’s Express, which is slated for 2013 rollout.

QuanTA leverages the FLAG Atlantic-1 North cable (FA-1) – operated by Reliance – which became operational in 2001, and which connects Long Island in the U.S. with Lands End in the U.K. via 6-pairs of optical fibre.

According to Perseus CEO Jock Percy, while FA-1 is actually the second shortest cable across the Atlantic (the shortest and until-now fastest route being the AC-1 route operated by Level 3 Communications), the cable was envisioned for applications such as voice and bulk video, and was never optimised for speed.

Percy says that by optimising one of the cable pairs for low latency rather than capacity – including installing and configuring networking equipment from Ciena – Perseus has reduced the latency from around 68 milliseconds round trip (similar performance  to AC-1) to about 64 milliseconds – making it the new fastest connection in place today.

Also part of the latency reduction is new land-based connectivity to the on-ramps for the service, at 111 8th Avenue and New York City, and Equinix’s LD4 facility in Slough, near London.

As well as speed, Percy points out that because the new service is leveraging existing cable, it is cost efficient, and does not require trading firms to “pay the low-latency tax” often associated with new and higher-priced cable networks. He’s not saying how much it costs, though, but says the service is live with customers.

At 64 milliseconds or thereabouts, QuanTA is 4-5 ms slower than the planned Express service from Hibernia Atlantic, which is due to go live in 2013. That service – which will use a new cable laid at a cost of some $300 million along a shortest path – is expected to deliver 59.6 milliseconds round trip performance.

But Percy says that Perseus has already begun work on phase 2 of QuanTA, which will involve branching FA-1 at a point offshore from Nova Scotia to shorten the cable path to New York City. That development, he says, will deliver a latency similar to Hibernia’s Express at a lower price – and will go some way to undermining Hibernia’s business model, which is predicated on the belief that trading firms will pay a premium for the lowest latency.

The rollout of QuanTA follows on from the roll out by Perseus last year of the lowest-latency connection between Nasdaq OMX’s Carteret, NJ data centre and the BM&F BOVESPA exchange in Sao Paulo, Brazil. That project leveraged cable from GlobeNet, and delivers 106 milliseconds round trip.

Related content

WEBINAR

Upcoming Webinar: Infrastructure monitoring: mapping technical performance to business performance

Date: 8 July 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes It’s a widely recognized truth that if you can’t measure something, you can’t improve its performance. As high-performance connectivity technologies have established themselves in the mainstream of financial firms’ trading architectures, the ability to monitor messaging and data infrastructures...

BLOG

QuantHouse Boosts Backbone Capacity to 100G Using Arista

Iress’s QuantHouse market data and infrastructure subsidiary has upgraded its data centre backbone connections globally to 100 Gigabit capacity to address the rigours of the ongoing market volatility. The upgrade is part of a wider infrastructure enhancement aimed at meeting three business objectives designed to enhance performance and resilience while adding customer self-service capabilities. As...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Enterprise Data Management

The current financial crisis has highlighted that financial institutions do not have a sufficient handle on their data and has prompted many of these institutions to re-evaluate their approaches to data management. Moreover, the increased regulatory scrutiny of the financial services community during the past year has meant that data management has become a key...