Monday, April 23, 2012

Perseus Telecom and Reliance Globalcom launch world's fastest trans-atlantic trading network

NEW YORK, USA: Perseus Telecom, a global provider of connectivity, along with Reliance Globalcom announced the launch of the world's fastest available trans-Atlantic network connection, QuanTA, between major global financial exchanges.

The launch of QuanTA represents a landmark development in the latency race to zero and creates new opportunities for trading firms on both sides of the Atlantic.
The partnership between Perseus Telecom and Reliance Globalcom has resulted in the creation of an innovative high-speed, ultra low-latency network connection across the Atlantic by leveraging an existing system on the FLAG Atlantic-1 (FA-1) North cable, a trans-Atlantic six-fiber pair system between Long Island, New York and Lands End, United Kingdom.

Designed with the latest advancements in optical technology, better dispersion compensation methodology, faster processing equipment and shorter cable paths, this ultra low-latency link represents a capital assured, cost-efficient solution for the sub-60ms RTD latency financial market participants require across the Atlantic.

"Fast-paced trading environments demand even faster connectivity, particularly across the Atlantic where, traditionally, the patchwork grid of cable systems across the ocean had not allowed for a truly low-latency network," comments Dr. Jock Percy, CEO of Perseus Telecom. "Our ability to create this network in partnership with Reliance Globalcom at relatively low cost and minimal time to market is a testament to our expertise in developing network solutions for the financial industry. We're incredibly excited at the launch of QuanTA which we believe marks a game-changing development for the global trading community. As high-frequency trading strategies proliferate, ultra low-latency network connectivity becomes even more of a competitive differentiator."

Rory Cole, president and COO - Carrier Business, Reliance Globalcom, said: "Being one of the world's leading carriers with connectivity across the globe, we are happy to announce that Reliance Globalcom now offers the fastest ultra low-latency route on FA-1. With this service, we are now connecting the U.S. and U.K. on the fastest link, addressing the business needs of our customers, especially in the financial sector, to help them gain a significant market advantage."

The launch of QuanTA provides trading firms with a more secure, low-latency and efficient network connection across the Atlantic. Now, firms tapping into liquidity at exchanges in the US and Europe can do so with guaranteed minimal latency on a highly reliable connection, minimizing potential risk in network outages or latency.

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