Perseus Telecom, a leading provider of ultra-low latency, high capacity global networks, has joined FIX Protocol Ltd (FPL), the non-profit association responsible for defining, managing and promoting increased usage of FIX as an enabler for electronic trading. As a member of FPL, Perseus will be shaping industry discussions around trading technology and low-latency layer-2 networking.
Through a number of Working Groups, FPL seeks to bring together important constituents across the financial services industry to facilitate greater transparency, straight-through-processing and reduced costs. By joining the High Performance Working Group, Perseus will help to accelerate how market orders for executions are transmitted from market to market and from buy-side to sell-side. Perseus’ expertise in ultra-low-latency and market data delivery optimization helps firms utilize the fastest routes and lowest latency technologies that Perseus provides via high-speed fiber optics and ultra-low latency wireless services. Perseus joined the Latin America Working Group as part of the firm’s regional strategy with offices in Brazil and a team well versed in order execution technology.
'FPL is a non-profit, industry-driven organisation that is independent and neutral, focused on addressing the business and regulatory issues impacting the global financial markets through standardisation. FPL welcomes new member firms, the knowledge and experience they bring help to generate fresh perspectives and ideas, which prove incredibly important in ensuring the organisation's continued success,” says Daniella Baker, FPL Global Marketing and Communications Manager, FIX.
As part of the new FPL membership, Perseus will be contributing to the discussion around global trading technology at the upcoming FPL EMEA Trading Conference on February 28th in London.
“Participating in FPL is an important endeavor for the markets Perseus serves as we are uniquely addressing the space of trading technology for order routing and to-the-tick market data,” notes Marcos Guimaraes, President of Perseus do Brazil. “Our ultra-low-latency network is engineered to sustain very large capacity for global market data from over 50 markets such as between Nasdaq OMX in New York and BM&F BOVESPA in Sao Paolo. This is ideal for trading connections as a high-speed alternative to layer-3 networking. We hope to bring fresh new ideas to some of the most important markets traders are active in today.”
About Perseus Telecom
Perseus Telecom is an award winning global provider and facilities based licensed carrier of enterprise and financial telecommunications with a focus on ultra-low latency networks. In addition to the fastest route between USA and Brazil, Perseus Telecom recently announced the fastest trans-Atlantic route in April 2012, named QuanTA. The company also connects Asia-Pac and Europe with significant points of presence in Tokyo, Singapore, Sydney, Hong Kong, London, Frankfurt, Stockholm, Moscow, Madrid, Milan and Dublin.
Perseus Telecom works with the world’s leading fibre assets and technologies to provide cost effective, efficient and valuable network solutions for its customers. Perseus Telecom Customers include: Banking, Trading, Finance, Fund Management, Broadcast Media and Entertainment Companies, Law Firms and Capital Partnerships, Global Manufacturers and Pharmaceutical Companies. The management team has decades of experience in major Tier 1 carrier companies and operates from offices in London, Dublin, New York, Chicago and Sao Paulo. For more information on Perseus Telecom, go to www.perseustelecom.com.