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

A-Team Insight Blogs

Metamako Adds Third-Party Apps to Ultra-Low Latency Switching Platform

Metamako, a provider of deterministic ultra-low latency devices, has set up a partner programme to encourage third parties to develop applications for its MetaApp and MetaMux switching platforms, which include ultra low-latency switching, an onboard field programmable gate array (FPGA) and a server, and are typically used to trade directly with exchanges.

Dave Snowdon, founder and co-chief technology officer at Metamako, explains: “The partner programme opens our platform so that developers can deploy their FPGA applications. Until now, there have been huge barriers to users adopting FPGA technology due to cost and complexity, but our platform makes it easy for applications providers to focus on their core competencies. This means customers can acquire and benefit from new solutions more quickly and easily.”

The first partner to join the programme is Algo-Logic, a developer of gateware libraries and applications for FPGA devices. These include Tick-to-Trade, which implements a complete, ultra low-latency trading solution in FPGA logic, and Key Value Store, which enables tens of thousands of computers to share data by name.

John Lockwood, CEO at Algo-Logic, says: “Metamako’s partner programme will make the deployment of our applications very straightforward. The initiative will offer benefits to both developers and market participants – anyone with a MetaMux or MetaApp device can easily evaluate and use an Algo-Logic app.”

The ease of developing and deploying third-party apps is based on the Metamako platform, which includes a robust support infrastructure, a tested development environment and support for porting apps to the platform using a thin layer of integration.

Metamako is working with a number of other vendors on potential application partnerships and is encouraging its customers to develop their own applications using the software tools provided with the platform. The company will also continue to develop its own apps, adding to existing offers including MetaWatch, a packet capture and analytics solution that can be used for functions such as order trails and latency measures, and MetaMux, an app that can achieve 99 nanosecond packet aggregation and is useful for connecting trading machines directly to exchanges.

Snowdon says Metamako will continue to write apps with wide appeal, while its partners will add more specific functionality to the platform. One of the company’s next developments is an extremely fast filtering app that could be used to take feeds from an exchange and multicast the data. Partner apps could include pre-trade risk checking, feed handlers and intrusion detectors.

Metamako products have been in production for about nine months and have found favour among proprietary trading companies and banks. To date, the company has about 40 customers, most of which are in the US and Europe.

Related content

WEBINAR

Recorded Webinar: Enterprise Solutions – Solvency II

This webinar has passed, but you can view the recording here. Devesh Shukla, Global Head of Reference Data Product Development, Bloomberg and Cynthia Sachs, Global Head of BVAL Product Development, Bloomberg discuss Solvency II. Webinar Date: February 28, 2014 Speakers: Sponsors:

BLOG

State Street’s Currenex to Provide Trading Technology for New Interbank Crypto Platform

PureMarkets plans to base its new Pure Digital interbank digital currency trading platform on State Street’s Currenex, a high-performance matching engine used to facilitate trading in FX, money market loans and deposits, and precious metals. Pure Digital will offer a fully automated, high throughput OTC marketplace for digital assets and cryptocurrencies, with associated custody services....

EVENT

Data Management Summit London

The Data Management Summit Virtual explores how financial institutions are shifting from defensive to offensive data management strategies, to improve operational efficiency and revenue enhancing opportunities. We’ll be putting the business lens on data and deep diving into the data management capabilities needed to deliver on business outcomes.

GUIDE

Impact of Derivatives on Reference Data Management

They may be complex and burdened with a bad reputation at the moment, but derivatives are here to stay. Although Bank for International Settlements figures indicate that derivatives trading is down for the first time in 10 years, the asset class has been strongly defended by the banking and brokerage community over the last few...