About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Metamako Combines Technologies to Deliver Development Platform for Network Edge Applications

Subscribe to our newsletter

Metamako has combined layer 1+ switching technology, field programmable gate array (FPGA) hardware and an Intel x86 server to deliver MetaApp, an adaptable application platform that supports network edge development and is expected to find favour in ultra-low latency environments such as high frequency trading.

MetaApp adds functionality to the company’s MetaConnect and MetaMux deterministic, ultra-low latency switching devices, allowing the development of network edge applications such as trading algos, data capture, exchange gateways, pre-trade risk checking, book building and feed handlers. Metamako is developing apps for MetaApp, while its customers and third-parties are also developing apps that meet specific trading needs.

Apps and upgrades are delivered using downloadable software updates, and external PCI Express connectivity is provided between the FPGA and server components of the device, allowing applications needing more power than the FPGA provides to be loaded across the components and to sustain low latency and determinism. MetaApp supports 32Gbytes of RAM, which acts as a buffer for the FPGA, and 2Tbytes of storage. It also adds time synchronisation capability and compatibility with all MetaMux applications.

Proving the speed of the first MetaApp device, MetaApp 32, benchmark tests carried out by the Securities Technology Analysis Center (STAC) show the device setting a record benchmark for hybrid layer 1+ aggregation switches at an average of 60 nanoseconds for each switch hop. The benchmark measured a roundtrip involving two hops to the device and back again, representing a typical use case of multiple trading algos aggregating orders to an exchange link. The network path involved both the MetaApp FPGA and the inbuilt layer 1+ switch. The tests used six different message rates and four different message sizes, with results showing an average latency for each hop of 60 nanoseconds across all message rates.

Dave Snowdon, founder and co-chief technology officer at Metamako, explains: “The use case in the STAC report reflects a typical exchange scenario, where orders are aggregated into the exchange and the return traffic from the exchange is distributed to multiple servers via MetaApp. The results demonstrate that our devices are exceptionally fast. However, what’s almost as important for trading applications is that the latency is deterministic, predictable and has extremely low jitter.”

MetaApp has been in beta test at Metamako customer data centres since February of this year and is now widely available with a number of devices in production. Snowdon says the speed of MetaApp is four to seven times higher than that delivered by switches from suppliers such as Cisco and Arista, which do not build devices specifically for financial services use cases, although the cost is comparable.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Leveraging interoperability: Laying the foundations for unique best-of-breed trading solutions

Interoperability on the trading desk promises more actionable insights, real-time decision making, faster workflows and reduced errors by ensuring data consistency across frequently used applications. But how can these promises be kept in an environment characterised by multiple applications and user interfaces, numerous workflows and technology vendors competing for space on the trader’s desktop? This...

BLOG

CTM Debuts New Tri-Party Matching Workflow for Prime Brokers with Société Générale as First to Go Live

The Depository Trust & Clearing Corporation (DTCC), the leading provider of post-trade market infrastructure for the global financial services industry, has announced Société Générale as the first Prime Broker to adopt the Central Trade Manager’s (CTM) automated tri-party trade matching workflow. This development comes as the financial services sector worldwide braces for T+1 and more...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

Regulatory Data Handbook – Fifth Edition

In response to the popularity of the A-Team Regulatory Data Handbook, we have published a fifth edition outlining the essentials of regulations that are likely to have an impact on data and data management at your organisation. New to this edition is a section on RegTech, covering drivers behind the development of innovative regulatory technology,...