Acquisition adds high precision trading and market data for CME Group and ICE.
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.”