Low latency connectivity specialist Perseus Telecom has acquired data center space at 60 Hudson Street, one of the premier connectivity hubs in Manhattan. The new facility provides a significant expansion of the firm’s network for trading firms, improving connectivity between financial exchanges, data centers and corporate office locations.
“Electronic trading participants require the best available technology to take advantage of every market opportunity, with minimal latency and access to global trading hubs,” said Dr. Jock Percy, CEO of Perseus Telecom. “With the increasing importance of interconnection and speed in today’s trading environment, having a data hub which provides low-latency connection that is quicker, even by microseconds, is mission-critical by giving traders a competitive edge.”
60 Hudson Street, previously owned by Western Union, has a lengthy history as a cornerstone in the development of America’s communications infrastructure. The facility was built between 1928-30 at a cost of nearly $45 million – which, adjusted for inflation, is the equivalent of more than $400 million today. It initially housed 70 million feet of wire and 30 miles of conduit.
“This is perhaps the world’s most fiber rich and interconnected building,” says Andrew Kusminsky, COO of Perseus. “From our new data center, we can get to 196 countries.”