Acquisition adds high precision trading and market data for CME Group and ICE.
Chicago, IL – Feb 26, 2014 – Perseus Telecom, a leading provider of high-speed global connectivity, High Precision Time™ and Market-to-Market networks announced today the acquisition of TLV Networks, Ultra-Low Latency Microwave Networks connecting the CME Group Aurora data centre and ICE at 350 Cermak, Chicago. Perseus adds this strategic expansion to a global network of 103 markets and data centre connections across all asset classes and Bitcoin coming soon.
“TLV Networks entered service in June, 2013 when 99.9% path reliability was proven during treacherous weather conditions in the Chicago-land area,” says Dr Jock Percy, Chief Executive of Perseus. “We at Perseus knew we wanted to get to know this company as we value customer satisfaction and want to offer the best solutions. Reliability and speed are key and crucial factors driving the purchase of a wireless system by our high precision traders worldwide.”
TLV networks was designed, constructed and maintained by CCSI, a wireless network infrastructure company operating across the country. CCSI and Perseus create a formidable partnership to serve the financial markets.
Jim Hughes, Director of TLV Networks says “We are thrilled to have Perseus as our new home. Dr Percy and his team have an excellent reputation for support and continuous innovation in the financial markets space and beyond.” “CCSI will continue to focus on their core business of designing, building and maintaining world-class wireless networks for its variety of clients across many industries.”
Perseus is a private global high precision network provider for financial trading, gaming, e-commerce and multi- media. Customers include top tier market makers, banks, exchanges and Fortune500 companies. Perseus is the parent company to Marco Polo New World Securities connecting 170 brokers in 80 markets with 38 liquidity centres worldwide. Perseus and Marco Polo New World are headquartered in New York with offices in Chicago, Dublin, London, Miami, São Paulo and San Francisco. Both companies operate globally including emerging markets.
Perseus provides many of the world’s fastest market-to-market routes (all asset class including Bitcoin) between Chicago, New York, London, Frankfurt, São Paulo, Mexico City, Tokyo, Singapore, Johannesburg. The company has earned accolades for the fastest trans-Atlantic route between New York and London (QuanTA™), the lowest latency route between Brazil and USA (LiquidPath®) and High Precision Time™. Perseus accepts Bitcoin for payment of services with GoCoin.
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