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

Zeptonics Taps Mellanox For Ultra-Low-Latency Matching Engine

Subscribe to our newsletter

Sydney-based Zeptonics is integrating network interface cards from Mellanox Technologies into its ZeptoMatch matching engine. The integration boasts wire-to-wire matching for a million orders per second with a median wire-to-wire match time of 1.97 microseconds and a typical client roundtrip of three microseconds.

ZeptoMatch is a software-only application, running on commodity x86/Red Hat Linux servers, with solid state storage. Mellanox ConnectX-3 EN 10gE network cards support network to application data flow using kernel bypass. “We developed all the software components ourselves, but even though we have considerable hardware design expertise in-house, we decided to use the Mellanox cards for the physical interface, and that has definitely helped us deliver a new low-latency benchmark for trade matching,” says David Snowdon, principal at Zeptonics.

Both FIX and an Ouch-based binary protocol are supported for order execution and an embedded firewall ensures the integrity of data packets. The matching engine can also be paired with ZeptoRisk, for pre-trade risk checking as increasingly required by regulators.

ZeptoMatch might typically be integrated with networking devices from Zeptonics.  ZeptoMux is a 130-nanosecond layer 2 switch for in-bound multiplexing; and ZeptoLink, is 5-nanosecond circuit switch for fan-out of market data.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Data platform modernisation: Best practice approaches for unifying data, real time data and automated processing

Financial institutions are evolving their data platform modernisation programmes, moving beyond data-for-cloud capabilities and increasingly towards artificial intelligence-readiness. This has shifted the data management focus in the direction of data unification, real-time delivery and automated governance. The drivers of this transition are improved operational efficiency as manual processes are replaced by faster, more accurate automated...

BLOG

Flow Traders Extends ETF Market-Making Playbook to 24/7 Tokenised Asset Liquidity

Flow Traders, the Amsterdam-headquartered global trading firm, has launched an OTC platform offering 24/7 two-way proprietary liquidity for tokenised money-market funds, equities and commodities. The offering, delivered through the firm’s Digital Asset OTC platform, covers assets including Franklin Templeton’s BENJI tokenised money-market fund and Tether Gold (XAUT), with institutional counterparties able to access liquidity via...

EVENT

Buy AND Build: The Future of Capital Markets Technology

Buy AND Build: The Future of Capital Markets Technology London examines the latest changes and innovations in trading technology and explores how technology is being deployed to create an edge in sell side and buy side capital markets financial institutions.

GUIDE

ESG Data Handbook 2022

The ESG landscape is changing faster than anyone could have imagined even five years ago. With tens of trillions of dollars expected to have been committed to sustainable assets by the end of the decade, it’s never been more important for financial institutions of all sizes to stay abreast of changes in the ESG data...