23 May 2016, New York, London & Sydney: Metamako, the leading specialist in deterministic network devices for the world’s financial institutions, announced today that FXecosystem, a leading provider of outsourced connectivity services, has selected Metamako for advanced control and visibility of its network, including the ability to do dynamic patching (remote reconfiguring).
Metamako’s devices are now available to FXecosystem’s clients using FXeco-eye – the company’s popular real-time network and flow operational monitoring and data visualisation tool. This latest development from FXecosystem provides clients with additional control, visibility and flexibility in network management and also reduces latency. It enhances FXecosystem’s monitoring capabilities, giving the company the ability to tap inbound and outbound traffic across its entire network.
FXecosystem provides FX and fixed income services to banks and trading houses and, as an initial step, has implemented Metamako in the UK. This will be followed by implementation in the US in the near future.
Dr. Dave Snowdon, founder and CTO of Metamako, says: “We’ve been working with firms in the HFT space since our launch in 2013, providing exceptionally low latency, very high determinism and a great deal of functionality and flexibility. It’s really exciting to see that our technology is now being implemented across different asset classes, such as FX 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 service.”
James Banister, CEO, FXecosystem adds: “We decided to deploy Metamako due to new regulatory demands (MiFID II) on the Financial Markets for increased scrutiny into trading flow. The Metamako devices are extremely powerful and allow FXecosystem’s clients to ‘tap’ into all the data sets they require to meet their current and future 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.”
Snowdon adds: “We always knew that our clients were using our devices for much more than just latency reduction and determinism; a recent client survey proved this. The top use cases for Metamako devices include connection monitoring, tapping, timestamping and reconfigurable patch panels. We look forward to bringing these benefits to FXecosystem and their clients.”