Perseus Telecom joins FIX Protocol Ltd02.19.2013
– Leading provider of market-to-market global connectivity to further electronic trading discussion
– Participating in High Performance and Latin America Working Groups
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.
“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.”