Best Low-Latency Data/Technology Provider: Perseus
IMD/IRD Awards 2016
![perseus perseus](/sites/default/files/styles/landscape_750_463/public/import/IMG/648/349648/perseuslowlatency-580x358.jpeg.webp?itok=Jg6LUil2)
With its flagship product LiquidPath, Perseus provides trading firms with a managed service specifically designed to offer fast time-to-market, low-latency, low-risk connectivity, trading infrastructure and raw, normalized global market data services. It fits in with the trend of enabling firms to focus on core business and leave technology challenges to specialists, and judges called it “quite a commitment”.
This offering stands out as, in the past year, LiquidPath has become global. Perseus has expanded the service to the Asia-Pacific region, installing over 74,000 miles of new undersea cable, and creating 11 new points of presence in seven cities to reach a stage where they fully encircle the globe. As part of the build-out, Perseus extended its network of low-latency links, which now include the fastest commercially available route between Singapore and Hong Kong, the fastest route from New York to the BM&F Bovespa and from the stock exchange in London to that in Johannesburg.
At the same time, Perseus has expanded its low-latency microwave offering, with the launch of the Southern Route wireless system beween the Chicago Mercantile Exchange and Nasdaq. Not surprisingly, judges were impressed with LiquidPath and noted that Perseus is “gaining market acceptance and could be a real disrupter”. The conclusion was that the vendor appears to have gotten the recipe right: “fiber + microwave at incredibly low latency = compelling solution”.
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