Traders Gain Go-to-Market Capability in Less than 2 Days via Direct Access to World's Largest Global Fiber Network Dedicated to Trading
Network Reaches Cross-Connection Points Covering 241-plus Counterparties, 53 Colocation Centers across 24 Cities, 15 Countries, 6 Continents
NEW YORK, CHICAGO & LONDON, November 11, 2015 – Lucera Financial Infrastructures and Perseus have partnered, creating the world’s largest on-demand Software Defined Network (SDN) exclusively for the capital markets industry, offering traders direct access to the industry’s largest network of global fiber dedicated to cross-asset class trading.
Providing traders with cross-connection points encompassing over 241 counterparties and 53 colocation centers across 24 cities, 15 countries and six continents, it combines the Perseus low-latency, global, fiber network with Lucera’s Software-Defined Network (SDN), delivering real-time connectivity that allows customers of both firms to gain never before seen, go-to-market speeds already reducing network implementation cycles to no more than two days – 45 times faster than the industry standard of 90 days.
According to Lucera, September 2015 provisioning times for current on-net customers now average two hours, 47 minutes. This will continue to decrease as more customers access the platform, leading to substantial cost savings for all customers, from the largest global banks, to small- and medium-sized firms that can access new multi-asset strategies without being burdened by the cost and time to build infrastructure internally.
The partnership complements the Perseus flagship service, LiquidPath®, which streamlines the process, provides data connectivity and establishes access to financial markets for buy-side, sell-side and service vendors. Perseus recently expanded its Points of Presence (PoP) and connectivity into several major Asian markets, including Tokyo, Singapore, Sydney and its regional base in Hong Kong, adding over 120,000kms of new subsea cable connectivity to the Perseus network. The network now reaches nearly every major financial trading city worldwide.
“Forget about dealing with bandwidth and expensive hardware – a thing of the past,” said Jacob Loveless, CEO of Lucera. “By creating the world’s largest SDN and devoting it exclusively to the financial markets, we’re game-changing the culture of connectivity that the industry hasn’t seen since the extranet arrived on the Street. Perseus is the ideal partner to make this happen with their unrivaled speed and Points of Presence touching every major financial center across the developed and emerging world. By being faster and more flexible than traditional service providers, SDNs now allow traders to connect to new markets on a customized, pay-as-you go basis.”
“Financial markets have become heavily reliant on the speed of data and execution in today’s rapidly evolving market structure,” said Jock Percy, CEO and founder of Perseus. “Partnering with Lucera enables our customers to quickly and cost-effectively connect anywhere with the click of a button, on a truly global scale.”
“Trading is increasingly global and cross asset as flows move between markets and products in the blink of an eye. With today’s focus on cost, flexibility and agility, the ability to quickly provision, connect and trade can make the difference between a great or a very bad year,” says Larry Tabb, founder and CEO of capital markets research firm TABB Group. “Accessing a fast, secure and inter-connected global network in today’s real-time, on-demand environment is critical to success in a volatile trading environment.”
A privately-held firm with offices in New York, London and Chicago, Lucera (@LuceraHQ) was launched with initial backing from Cantor Fitzgerald. Serving tier 1 and tier 2 banks, exchanges, broker-dealers and buy-side firms, it specializes in an on-demand, secure, month-to-month, scalable infrastructure supported by a global Software-Defined Network (SDN) collocated in 56 datacenters on five continents through Connect™, an on-demand carrier-grade global SDN; Compute™, on-demand, collocated-compute services; and through the Lucera IaaS, LumeFX™, an FX ECN-as-a-Service. See www.lucera.com.
Perseus (@PerseusCorp) is the world’s leading provider of managed services and high-precision, high-speed connectivity. With clients spanning the Financial, Digital Commerce, Media and iGaming sectors, Perseus offers a fully managed suite of services across the trade lifecycle as well as many of the world’s fastest market-to-market routes. Wall Street and Fortune 500 companies choose Perseus to provide LiquidPath® and EdgePath® managed infrastructure services, custom-designed global networks, PrecisionSync™ time stamping, colocation and turn-key trading solutions with industry-leading, 24×7 support. Serving 96 markets in 33 countries on 6 continents, Perseus offers proximity hosting for over 175 exchanges globally. For more go to www.perseus.co
For Lucera: Marty Rabkin, martinrabkinink – +1.914.420.5739 email@example.com
For Perseus: P.J. Kinsella, Paragon PR – +1.646.558.6235 firstname.lastname@example.org