Goldman Sachs buys $20.5m stake in HFT tech firm Perseus

Goldman Sachs buys $20.5m stake in HFT tech firm Perseus

Goldman Sachs has bought a $20.5 million minority stake in Perseus, a firm that provides super-fast connectivity for high-frequency trading firms.

Founded in 2009, Perseus is at the centre of race for speed in trading, helping clients shave valuable microseconds in the time it takes to execute trades.

The firm provides managed services and connectivity to more than 300 exchanges and markets in 18 countries across the globe. It enables clients to send data between exchanges through microwave and fibre optic networks.

Jock Percy, CEO, Perseus, says: "The investment by Goldman Sachs is an important accelerator of our business. It enables us to maintain our leadership position in product and service innovation, while more rapidly expanding our global network."

Terry Doherty of Goldman Sachs adds: "Not only is their [Perseus's] business performance exceptional, but they have the potential to dramatically shift the way that the global markets engage by introducing faster and more secure managed services to the industry."

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