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The 2016 Tech 50: Jock Percy

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

Jock Percy
Chief Executive Officer
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
1. Catherine
Bank of America Corp.
2. Jeffrey Sprecher
Intercontinental Exchange
3. Lance Uggla
4. Phupinder Gill
CME Group
5. Shawn Edwards and Vlad Kliatchko
6. R. Martin Chavez
Goldman Sachs Group
7. Robert Goldstein
8. Adena Friedman
9. Deborah Hopkins
Citi Ventures
10. Daniel Coleman
KCG Holdings
11. Stephen Neff
Fidelity Investments
12. David Craig
Thomson Reuters
13. Michael Spencer
14. Michael Bodson
Depository Trust & Clearing Corp.
15. Charles Li
Hong Kong Exchanges and Clearing
16. Chris Concannon
BATS Global Markets
17. Blythe Masters
Digital Asset Holdings
18. David Rutter
19. Neil Katz
D.E. Shaw & Co.
20. Lee Olesky
Tradeweb Markets
21. Richard McVey
MarketAxess Holdings
22. Seth Merrin
Liquidnet Holdings
23. Robert Alexander
Capital One Financial Corp.
24. Brad Katsuyama
IEX Group
25. Antoine Shagoury
State Street Corp.
26. David Gledhill
DBS Bank
27. Lou Eccleston
TMX Group
28. Andreas Preuss
Deutsche BÖrse
29. Dan Schulman
PayPal Holdings
30. Scott Dillon
Wells Fargo & Co.
31. Mike Chinn
S&P Global Market Intelligence
32. Craig Donohue
Options Clearing Corp.
33. Gary Norcross
Fidelity National Information Services
34. Steven O'Hanlon
35. Sebastián Ceria
36. Michael Cooper
BT Radianz
37. Tyler Kim
38. Neal Pawar
AQR Capital Management
39. David Harding
Winton Capital Management
40. Chris Corrado
London Stock Exchange Group
41. Brian Conlon
First Derivatives
42. Jim Minnick
43. Stephane Dubois
44. Mazy Dar
45. Yasuki Okai
NRI Holdings America
46. Kim Fournais
Saxo Bank
47. Jock Percy
48. Robert Schifellite
Broadridge Financial Solutions
49. Brian Sentance
Xenomorph Software
50. Pieter van der Does

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