Lucera and Perseus Partner to Launch a Global Fiber Network for Trading

Perseus has recently expanded its presence into several major Asian hubs, adding over 120,000 kilometers of new undersea cables to

Lucera Financial Infrastructures and Perseus have come together to create a massive on-demand Software Defined Network (SDN) for the capital markets industry, offering direct access to a global fiber network dedicated to cross-asset class trading encompassing over 241 counterparties and 53 colocation centers across 24 cities, 15 countries and six continents.

The partnership is said to complement Perseus’ LiquidPath, which provides data connectivity and establishes access to financial markets for buy-side, sell-side and service vendors. Perseus has also recently expanded its presence into several major Asian hubs, including Tokyo, Singapore, Sydney and its regional base in Hong Kong, adding over 120,000 kilometers of new undersea cables to its network.

“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.”

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“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,” he added.

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