The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

Deutsche Börse Reaps the Benefits of Implementing Metamako Network Devices

Deutsche Börse Group is reaping the benefits of Metamako FPGA-based network devices in its colocation network, including the ability to gain greater insight into the network and use precisely timestamped packet capture data for analyses that were not previously possible.

The exchange deployed 60 Metamako K-Series devices running MetaWatch, an ultra-precise tapping and timestamping application, when it upgraded its colocation network for the Eurex and Xetra markets. The network and devices went live in the summer of 2017.

Andreas Lohr, derivatives and cash trading IT at Deutsche Börse Group, says: “We went through a thorough process of evaluating vendors and chose Metamako for a number of reasons. Some of the key considerations were lossless packet capture, even at very high data volumes, and nanosecond timestamp precision.”

Ciaran Kennedy, global business director at Metamako, says the exchange also favoured Metamako devices as each one runs both tapping and timestamping, an advance on more traditional solutions that require two devices to cover equivalent functionality. The exchange also wanted to achieve a high level of accuracy in timestamping, which is supported by the addition of a clock module in the Metamako devices. It can also offer its client a more reliable and high-quality trading network, and use data from every packet to diagnose and recreate any trading event.

Deutsche Börse already had a packet capture and timestamping solution in place, but the upgrade of its colocation network and increasing demands for precision and market fairness, which can be supported by precisely timestamping sequences of incoming orders and quotes, required it to strengthen and enhance its network monitoring and timestamping capabilities to get full visibility of every packet crossing its networks, especially during traffic bursts.

For Metamako, working with Deutsche Börse is a significant step forward. CEO Kevin Covington says: “This is a double milestone for Metamako: winning one of the world’s largest and most technically-advanced exchanges is a fantastic achievement, as is getting one of our largest single orders so far, for 60 of our K-Series devices.”

Deutsche Börse adds to the company’s tally of exchange clients that also includes the Australian Stock Exchange, LMAX Exchange in the UK, and exchanges in Asia that cannot be named.

Related content

WEBINAR

Upcoming Webinar: Infrastructure monitoring: mapping technical performance to business performance

Date: 1 July 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes It’s a widely recognized truth that if you can’t measure something, you can’t improve its performance. As high-performance connectivity technologies have established themselves in the mainstream of financial firms’ trading architectures, the ability to monitor messaging and data infrastructures...

BLOG

Case Study: How Liquidnet Deployed OpenFin for Investment Analytics Unit

Desktop integration specialist OpenFin has published a case study mapping out how Liquidnet deployed its platform to develop a single application uniting three of its key data and analytics offerings. The project aimed to bring together the respective capabilities of the OTAS Technologies, Prattle and RSRCHXchange units, which Liquidnet combined into a single entity called...

EVENT

RegTech Summit London

Now in its 5th year, the RegTech Summit in London explores how the European financial services industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Evaluated Pricing

Valuations and pricing teams are facing a much higher degree of scrutiny from both the regulatory community and the investor community in the glare of the post-crisis data transparency spotlight. Fair value price transparency requirements and the gradual move towards a more harmonised accounting standards environment is set within the context of the whole debate...