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NetXpress Deploys Metamako Switches for Low-Latency Native Market Access

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NetXpress, a provider of market connectivity and managed services, is rolling out Metamako ultra-low latency Layer 1 and FPGA-enabled switches to deliver native market access to trading clients including banks, hedge funds and proprietary trading shops. The company will also use the Metamako technology to support additional functionality that results in time and cost savings, including packet filtering and timestamping with a precision of 1 nanosecond, which enables back testing of trading strategies, regulatory compliance tracking and analysis of trading events.

The combination of NetXpress’s proprietary connectivity solution with Metamako’s Layer 1 technology provides a low-latency shared solution by removing all unnecessary hops from the network. This will improve clients’ trade latencies by more than 10 times, give them a cost-effective alternative to dedicated exchange links, and enhance network stability.

NetXpress provides global raw market data over its ultra-low latency network and colocation services near major exchanges and liquidity providers. The company plans to deploy Metamako devices in all its hosting locations: Aurora, 350 E. Cermak, NY4, Carteret, Basildon, LD4 and Frankfurt.

NetXpress co-founder, Scott Feagans, says: “Metamako’s leadership in ultra-low latency hardware, coupled with our expertise in providing financial firms with global market connectivity and managed services, will help us serve trading clients better than ever.”

Kevin Covington, CEO at Metamako, adds: “The managed service provider market is highly competitive. NetXpress has an edge when it comes to innovation and building a new breed of infrastructure to serve its clients.”

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