LMAX Exchange chooses Metamako for matching engine monitoring

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LMAX Exchange chooses Metamako for matching engine monitoring

Posted on October 11, 2016 by Ciaran Kennedy 11 October 2016

11 October 2016, Sydney, London & New York: Metamako, the leading specialist in deterministic network devices for the world’s financial institutions, has been chosen by LMAX Exchange as an integral component of its operations. Metamako’s devices will be used for actively monitoring all incoming and outgoing FX data in the firm’s core matching engine system.

LMAX Exchange is the leading MTF for FX and one of the UK’s fastest growing technology firms; it is now in the process of replacing its existing, passive fibre-optic based tapping solution with the more dynamic, active solution from Metamako. By implementing Metamako’s devices in New York, LMAX Exchange will instantly benefit from the ability to monitor, broadcast and replicate data feeds. In addition, the solution will also allow LMAX Exchange to repatch its racks and servers dynamically, bringing a dramatic improvement in ROI.

Says Ralf Duken, Head of Networks & Security at LMAX Exchange: “Having looked at several providers of network devices, it became clear to us that Metamako’s devices offered a significant improvement compared to our existing, passive solution. Metamako offers several advantages, including dynamic patching, increased network visibility, more accurate timestamps and a simplified network environment, with less cabling.” He adds: “Moving from passive tapping to active, as we are with Metamako, means that we get better signal quality and therefore a reduced error rate. Metamako’s outstanding reliability record, as well as the advanced functionality and speed their devices offer, were critical factors in our decision.”

Dr. Dave Snowdon, founder and CTO of Metamako, says: “Dynamic patching allows LMAX Exchange to change the configuration of their systems remotely, from any location. This means that they will be more responsive to customer demands, as nodes can be added from anywhere, and reduces the errors which might be introduced through physical rewiring. Another benefit is that active taps maintain signal quality; this is not the case with passive taps, which can degrade a signal by as much as 30% - 50%. This of course potentially increases error rates.”

The key benefits of implementing Metamako include:

 

-        Patch panel functionality allows ‘rewiring’ to be done remotely.

-        Much simpler data centre cabling.

-        Metamako provides economies of scale.

-        The ability to use copper cabling, which is more robust.

-        Easier network management.

-        Lower error rates

-        No degradation in signal quality