Perseus, a leading provider of high-speed global connectivity, High Precision Time™ and Market-to-Market networks announced today Markets Media has recognized the company with the prestigious 2014 Market’s Choice Award for Most Innovative New Product. High Precision Time™ includes access to a National Institute of Standards and Technology (NIST)-certified GPS antenna as well as Network Time Protocol (NTP) and Precision Time Protocol (PTP) connectivity with nanosecond accuracy to the Coordinated Universal Time UTC (NIST) timescale. The product compliments the Perseus global network of ultra-low latency connectivity and the award winning routes from London to Brazil (LiquidPath®) across the Atlantic (QuanTA™) and microwave access in London and Chicago.
The 2014 Market’s Choice Award recipients were chosen through a combination of vetting by the Markets Media advisory board and recommendations submitted by the public. Markets Media identifies its winners as “the best and brightest in US institutional equity and equity-derivative markets, spanning the buy side and sell side, exchanges and technology.”
“We are thrilled about this win for the Perseus High Precision Time™ Most Innovative Product,” says Dr Jock Percy, Chief Executive of Perseus. “High Precision Time™ is gaining momentum as investment banks, hedge funds and proprietary trading firms seek to implement the strongest preventative risk controls.”
Perseus recently announced the High Precision Time™ product had been chosen by a leading tier one investment bank for a global deployment and CME Group.