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

A-Team Insight Blogs

Perseus Telecom Adds London Metro Microwave Connectivity

Subscribe to our newsletter

Perseus Telecom has closed the gaps between London’s trading markets with microwave connectivity linking the Equinix LD4 data centre in Slough, the NYSE data centre in Basildon, the London Stock Exchange (LSE) data centre and the City based London Hosting Centre.

The metro connectivity links Equinix LD4, which hosts foreign exchange and equities trading engines, to the London Hosting Centre, a Reuters facility operated by Savvis and home to Spot FX engines and Reuters price feeds; the LSE to NYSE’s Basildon data centre, which hosts NYSE Euronext equities trading engines and the Liffe futures and derivatives exchange; LD4 to Basildon, and the LSE to LD4. Perseus says the first three of these routes are exclusive to its offering, while the LSE to LD4 route is also covered by the LSE with a millimetre wavelength solution.

The London metro routes went live early this year and complement Perseus’s existing European wireless routes from LD4, the London Hosting Centre and Basildon to Frankfurt. Jock Percy, chief executive of Perseus, comments: “We now have the fastest interconnect matrix of important European liquidity centres.”

As well as the London metro connectivity, Perseus is offering customers in Europe fast market data from the CME and ICE exchanges. Raw market data can be distributed to any location on the company’s fast fibre network, or it can be normalised and compressed for delivery over the microwave network.

The London metro links add to similar metro connectivity in Chicago that was acquired last week from TLV Networks and connects CME’s Aurora data centre to ICE at Equinix’s 350 E Cermak Road data centre. Moving forward, the company plans more projects in Europe, before a push into Asia and Latin America where it will complement its fast fibre optic networks with microwave connectivity.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data platform modernisation: Best practice approaches for unifying data, real time data and automated processing

Financial institutions are evolving their data platform modernisation programmes, moving beyond data-for-cloud capabilities and increasingly towards artificial intelligence-readiness. This has shifted the data management focus in the direction of data unification, real-time delivery and automated governance. The drivers of this transition are improved operational efficiency as manual processes are replaced by faster, more accurate automated...

BLOG

EuroCTP Taps DataBP to Build Digital-First Administration for EU Consolidated Tape

In a critical step toward the operational reality of a European consolidated tape, EuroCTP has selected DataBP, specialists in commercial management solutions for financial market data, to administer the licensing and subscriber management for its forthcoming equities and ETFs consolidated tape. The move signals a foundational focus on modern, digital-first infrastructure for what is poised...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

Managing Valuations Data for Optimal Risk Management

The US corporate actions market has long been characterised as paper-based and manually intensive, but it seems that much progress is being made of late to tackle the lack of automation due to the introduction of four little letters: XBRL. According to a survey by the American Institute of Certified Public Accountants (AICPA) and standards...