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The 2016 Tech 50: Jock Percy

The Perseus CEO jumps to No. 47 on this year’s Tech 50 ranking.

< The 2016 Tech 5047Jock PercyChief Executive Officer PerseusLast 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 Click below to view profiles
1. Catherine
Bessant
Bank of America Corp.2. Jeffrey SprecherIntercontinental Exchange3. Lance UgglaMarkit4. Phupinder GillCME Group5. Shawn Edwards and Vlad KliatchkoBloomberg6. R. Martin ChavezGoldman Sachs Group
7. Robert GoldsteinBlackRock8. Adena FriedmanNasdaq9. Deborah HopkinsCiti Ventures10. Daniel ColemanKCG Holdings11. Stephen NeffFidelity Investments12. David CraigThomson Reuters
13. Michael SpencerICAP14. Michael BodsonDepository Trust & Clearing Corp. 15. Charles LiHong Kong Exchanges and Clearing16. Chris ConcannonBATS Global Markets17. Blythe MastersDigital Asset Holdings18. David RutterR3CEV
19. Neil KatzD.E. Shaw & Co.20. Lee OleskyTradeweb Markets21. Richard McVeyMarketAxess Holdings22. Seth MerrinLiquidnet Holdings23. Robert AlexanderCapital One Financial Corp.24. Brad KatsuyamaIEX Group
25. Antoine ShagouryState Street Corp.26. David GledhillDBS Bank27. Lou EcclestonTMX Group28. Andreas PreussDeutsche BÖrse29. Dan SchulmanPayPal Holdings30. Scott DillonWells Fargo & Co.
31. Mike ChinnS&P Global Market Intelligence32. Craig DonohueOptions Clearing Corp.33. Gary NorcrossFidelity National Information Services34. Steven O'HanlonNumerix35. Sebastián CeriaAxioma36. Michael CooperBT Radianz
37. Tyler KimMaplesFS38. Neal PawarAQR Capital Management39. David HardingWinton Capital Management40. Chris CorradoLondon Stock Exchange Group41. Brian ConlonFirst Derivatives42. Jim MinnickeVestment
43. Stephane DuboisXignite44. Mazy DarOpenFin45. Yasuki OkaiNRI Holdings America46. Kim FournaisSaxo Bank47. Jock PercyPerseus48. Robert SchifelliteBroadridge Financial Solutions
49. Brian SentanceXenomorph Software50. Pieter van der DoesAdyen