< The 2016 Tech 50

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47
Jock Percy
Chief Executive Officer
Perseus
Last year: 50

A $20.5 million Goldman Sachs Group investment last year brought more than monetary value to New York–based Perseus: The stake enhanced the Wall Street cred of a fast-growing, then-six-year-old venture selling high-performance communication and connectivity services to the most-demanding traders, exchanges and other financial market participants. And with the capital Perseus accelerated expansion of what it describes as the world’s largest software-defined network, reaching more than 70 markets on six continents. Since completing a Mumbai-London link in January, “we now circumnavigate the globe,” says founder and CEO Jock Percy. Nearly all of the 20 biggest banks are Perseus customers, and revenue is growing 30 to 40 percent annually, the 42-year-old New Zealand native and rugby enthusiast reports. Financial services firms account for nearly 80 percent of the business, with the rest coming from e-commerce, gaming and media. In May, Perseus announced a deal to deliver over its LiquidPath infrastructure the Nasdaq TotalView real-time data feed, as well as access to U.S. equity and Treasury markets, the last through the Nasdaq-affiliated eSpeed ITCH platform. Positioning Perseus to play a fintech-supporting role, Percy sees the managed-services architecture ensuring efficient processing of payments from apps and mobile devices. “We know stocks trade in milliseconds,” he says. “For a consumer with, say, an Apple device, the payment has to be under 30 seconds for a satisfactory user experience.” He believes that digital currencies and blockchain could get a similar boost with Perseus’ “Wall Street–grade” offering; trades processed by capital markets blockchain developer Noble Markets, a Perseus customer, represent “a great use case for us.” Noting that “latency jitter” is inherent in the public Internet, he adds, “If you can make applications faster and transaction times orders of magnitude faster, then everybody wins.”

Visit The 2016 Tech 50: Making Financial Services Faster, Cheaper, Bigger for more.


 
The 2016 Tech 50

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1. Catherine
Bessant
Bank of America Corp.

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2. Jeffrey Sprecher
Intercontinental Exchange

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3. Lance Uggla
Markit

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4. Phupinder Gill
CME Group

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5. Shawn Edwards and Vlad Kliatchko
Bloomberg

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6. R. Martin Chavez
Goldman Sachs Group

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7. Robert Goldstein
BlackRock

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8. Adena Friedman
Nasdaq

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9. Deborah Hopkins
Citi Ventures

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10. Daniel Coleman
KCG Holdings

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11. Stephen Neff
Fidelity Investments

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12. David Craig
Thomson Reuters

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13. Michael Spencer
ICAP

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14. Michael Bodson
Depository Trust & Clearing Corp.

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15. Charles Li
Hong Kong Exchanges and Clearing

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16. Chris Concannon
BATS Global Markets

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17. Blythe Masters
Digital Asset Holdings

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18. David Rutter
R3CEV

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19. Neil Katz
D.E. Shaw & Co.

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20. Lee Olesky
Tradeweb Markets

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21. Richard McVey
MarketAxess Holdings

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22. Seth Merrin
Liquidnet Holdings

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23. Robert Alexander
Capital One Financial Corp.

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24. Brad Katsuyama
IEX Group

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25. Antoine Shagoury
State Street Corp.

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26. David Gledhill
DBS Bank

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27. Lou Eccleston
TMX Group

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28. Andreas Preuss
Deutsche BÖrse

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29. Dan Schulman
PayPal Holdings

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30. Scott Dillon
Wells Fargo & Co.

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31. Mike Chinn
S&P Global Market Intelligence

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32. Craig Donohue
Options Clearing Corp.

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33. Gary Norcross
Fidelity National Information Services

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34. Steven O'Hanlon
Numerix

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35. Sebastián Ceria
Axioma

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36. Michael Cooper
BT Radianz

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37. Tyler Kim
MaplesFS

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38. Neal Pawar
AQR Capital Management

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39. David Harding
Winton Capital Management

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40. Chris Corrado
London Stock Exchange Group

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41. Brian Conlon
First Derivatives

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42. Jim Minnick
eVestment

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43. Stephane Dubois
Xignite

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44. Mazy Dar
OpenFin

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45. Yasuki Okai
NRI Holdings America

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46. Kim Fournais
Saxo Bank

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47. Jock Percy
Perseus

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48. Robert Schifellite
Broadridge Financial Solutions

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49. Brian Sentance
Xenomorph Software

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50. Pieter van der Does
Adyen