Perseus Telecom and Reliance Globalcom Launch World’s Fastest Trans-Atlantic Trading Network
NEW YORK, April 23, 2012 /PRNewswire/ — Perseus Telecom, a global provider of connectivity, along with Reliance Globalcom, the Global telecommunications services arm of India’s largest integrated telecom operator Reliance Communications, today 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.”
Commenting on this offering, Mr. 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 U.S. and Europe can do so with guaranteed minimal latency on a highly reliable connection, minimizing potential risk in network outages or latency.
About Perseus Telecom
Perseus Telecom is a global provider of telecommunications with a focus on ultra low-latency networks that works with the world’s leading fiber asset providers and technology owners to provide its clients with the right network solution at the right price. Perseus Telecom is able to access an extensive global infrastructure while ensuring that service-level solutions are also cost-effective. Perseus Telecom customers include: Banking, Finance and Fund Management Institutions, Broadcast Media and Entertainment Companies, Law Firms and Capital Partnerships, Global Manufacturers, and Pharmaceutical Companies. Perseus Telecom’s management team has decades of experience in major Tier 1 carrier companies and operates from offices in London, Dublin and New York. For more information on Perseus Telecom, go to http://www.perseustelecom.com.
About Reliance Globalcom
Reliance Global Enterprise Business is the global, managed solutions brand of India’s largest integrated telecom services provider Reliance Communications. With over 5,000 large corporations across 6 continents, the company is independently recognized amongst the global Top 10 providers of Managed network solutions and International Wholesale Voice carrier as well as a Top 6 Global Ethernet services provider.
Reliance Global Enterprise Business owns the largest private cable network in the world with over 285,000 km of fiber optic cabling including 73,000 km of sub-sea fiber. Through strategic relationships with over 700 network service providers across the world, Reliance Global Enterprise Business provides assured connectivity to over 163 countries and territories, with the capability to reach 230.
Reliance Global Enterprise Business’ global platform of high-performance data centers support market-leading active application management, content distribution and cloud computing services in addition to supporting the converged, managed services that enable the collaboration processes that drive global Enterprise growth.
With over 4,000 employees across 25 countries, the company is constantly engaged in delivery of world-class and cost-effective solutions to Enterprise customers around the world and three million retail customers outside India.
To find out more, please visit http://www.relianceglobalcom.com.
For further information, please contact:
Reliance Communications Ltd
Reliance Communications Ltd
Binna Kim / Angela Byrne
+ 1 646 395 6300
SOURCE Perseus Telecom