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

A-Team Insight Blogs

Datacom Taps Formby, Releases Matrix Switch for Co-Lo

Subscribe to our newsletter

Datacom Systems – a vendor of network taps and matrix switches – has appointed Kevin Formby as its new president and CEO. Formby joins from packet capture/latency monitoring specialist Endace, and as such brings with him much experience of the financial markets vertical in general, and low-latency infrastructure in particular. On the heels of Formby’s on-boarding, Datacom has introduced a new matrix switch targeted at co-location environments.

Formby took up the rains of the Syracuse, NY-based company on February 1 and says the opportunity to lead such a company was a big attraction to him. He had been VP of business development at Endace since the middle of 2010, and worked at BT’s Radianz network and proximity centre unit before that. At Datacom, Formby’s mission will be to raise the company’s profile, hone the sales and marketing process, and to direct specific product development efforts for specific verticals.

For sure, financial markets will be one vertical to get attention says Formby, who notes the introduction of the company’s new SingleStream 2222 matrix switch, allowing a co-lo service provider or trading firm to readily and passively tap into as many as 80 1gE and 10gE network connections, to feed network and latency monitoring devices, such as those from Endace, Corvil, TS-Associates, etc. Less than five nanoseconds of addition latency is inserted into the tapped connection.

Formby says that the new switch – along with its sister 2212 offering – is running in production at a major co-lo service provider, who has not sanctioned publication of their name. But he can say that it’s being used to monitor more than 100 10gE connections supporting electronic trading applications.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Optimising cloud, marketplaces & managed data services

Financial institutions are under mounting pressure to rethink how they source, manage and distribute market data. Rising data volumes, multi-cloud adoption and the operational demands of regulations such as DORA are exposing the limits of legacy infrastructure, and driving firms toward managed services and cloud-native delivery models that can offer greater scalability, resilience and cost...

BLOG

The New Economics of Equities Trading Infrastructure

How modular architecture, 24/5 trading, and the rising cost of change are reshaping equities infrastructure By Ian Salmon, Head of Accelerator Program, Adaptive. Equities trading infrastructure has traditionally been judged against a familiar set of measures: latency, throughput, reliability and the ability to remain stable during periods of intense market activity. Those requirements remain fundamental....

EVENT

TEST Event page 2

Now in its 15th year the TradingTech Summit London brings together the European trading technology capital markets industry and 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...