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

A-Team Insight Blogs

Zeptonics Hit By Legal Ruling; Cannot Sell Ultra-Low-Latency Products

Subscribe to our newsletter

Australian financial trading technology vendor Zeptonics has been directed by the Federal Court of Australia to assign the ownership of certain of its products – including its ZeptoLink fanout device and ZeptoMatch matching engine – to proprietary trading firm Zomojo, which claimed ownership of them. It is considering appealing the decision, but for now it cannot sell them or support any companies using or evaluating them.

Zomojo claimed – and the court ruled – that ownership of ZeptoLink, ZeptoMatch (a matching engine), ZeptoNIC (a network interface card) and ZeptoAccess KRX (a trading gateway for the Korean Stock Exchange) resided with itself. As such, Zeptonics is not allowed to sell or support the use of those products. Zeptonics previously announced sales of ZeptoLink and its ZeptoMux switch to a Chicago-based trading firm, and say that “around half of the world’s top ten proprietary trading firms, have been in the process of trialing” its technology.

ZeptoMux – a many-to-one multiplexer with latency of 130 nanoseconds – is not covered by the ruling.

Without getting into all of the background and detail – the court ruling runs to 183 pages – at the heart of the dispute is Zeptonics founder Matthew Hurd, who worked at Zomojo for several years as its co-managing director and head of IT development.

Essentially, Hurd became unhappy working at Zomojo and left the company early in 2011, founding Zeptonics around the same time. Zomojo claims that Zeptonics’ technology is based on that developed by Hurd while he worked for it.

Zeptonics says that it believes it has “substantial grounds for appeal,” but has not determined whether to take that route. For its part, Zomojo does not seem interested in becoming a technology vendor, and is seeking the return of ZeptoLink devices installed at other trading firms.

The moral of the story: considerable due diligence is required when buying technology, especially when it is cutting edge from niche vendors, and likely to provide a real advantage.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Post-Trade Transformation: Automating Clearing & Settlement

Date: 1 December 2026 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes The UK, EU and Swiss markets move to T+1 settlement on 11 October 2027, but the first binding compression arrives almost a year earlier. ESMA’s amended settlement discipline RTS expects allocation and confirmation completed by 23:00 CET on trade...

BLOG

Putting Quantum Computing to the Algo Trading Test

Quantum computing has long been discussed in capital markets as a technology with potentially transformative applications, but one whose practical impact remains some way off. Recent work by HSBC and IBM suggests the gap between quantum research and real-world trading may be starting to narrow. In a study using production-scale European corporate bond trading data,...

EVENT

ExchangeTech Summit London

A-Team Group, organisers of the TradingTech Summits, are pleased to announce the inaugural ExchangeTech Summit London on May 14th 2026. This dedicated forum brings together operators of exchanges, alternative execution venues and digital asset platforms with the ecosystem of vendors driving the future of matching engines, surveillance and market access.

GUIDE

Entity Data Management & the LEI

Just over a year since the Financial Stability Board handed over leadership and direction of the interim Global Legal Entity Identifier System – or GLEIS – to the Regulatory Oversight Committee (ROC) of the LEI the entity identifier is being used for reporting under European Market Infrastructure Regulation. This report discusses recent developments in the...