FXecosystem, a provider of outsourced connectivity services for the foreign exchange and fixed income markets, has embedded Metamako MetaConnect switches in its network to provide advanced control and visibility, as well as support for dynamic patching.
The Metamako devices underpin FXecosystem’s FXeco-eye real-time network and flow monitoring and data visualisation tool, giving users of the tool additional control, visibility and flexibility across network management, as well as reduced latency. For FXecosystem, the enhanced monitoring capability means it can tap inbound and outbound traffic across its entire network.
FXecosystem provides services to banks and trading houses and has initially implemented Metamako switches in the UK, ahead of implementation in the US. The company decided to deploy the switches in response to MiFID II demands for increased scrutiny of trading flows including timestamping.
James Banister, CEO at FXecosystem, explains: “The Metamako devices are extremely powerful and allow FXecosystem’s clients to tap into all the datasets they require to meet regulatory demands. The offering from Metamako is a game changer for managed service providers and FXecosystem is pleased to be at the forefront of this.”
While Metamako products first found favour in high frequency trading, top use cases now include timestamping, connection monitoring, tapping and reconfiguring patch panels. Dave Snowdon, founder and chief technology officer at Metamako, says: “We’ve been working with firms in the high frequency trading space since we started in 2013, providing exceptionally low latency, very high determinism and a great deal of functionality and flexibility. It’s good to see that our technology is now being implemented across different asset classes, such as foreign exchange and fixed income, and also being used by a much broader range of financial institutions, such as banks and exchanges, as well as vendors. Our devices allow providers like FXecosystem to service their clients more effectively without impacting the latency of their services.”