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

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 Buy-Side The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim The buy-side is comprised of firms in the financial industry that purchase securities and are accompanied by account investment managers, pension funds, and hedge funds.The buy-side is composed of those that buy and invest large sums of securities with the intention of generating a lucrative return or have their funds managed. The Buy-Side ExplainedIn terms of Wall Street, the buy-side includes investment institutions that purchase securities, stocks, or other financial instruments with the aim Read this Term, 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.”

“Financial markets have become heavily reliant on the speed of data and Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term 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.