Managed Service Provider NetXpress uses Metamako

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Managed Service Provider NetXpress uses Metamako

Posted on March 22, 2018 by Annekathrin Hase 22 March 2018

Chicago, USA and Sydney, Australia 22 March 2018 – Global connectivity provider NetXpress announced today that it is rolling out technology from network firm Metamako, the leading provider of low-latency network devices for the global financial services sector.

The combination of NetXpress’ proprietary connectivity solution and Metamako’s ultra-low latency Layer 1 and FPGA-enabled switches, delivers native market access to trading clients such as: banks, hedge funds, proprietary trading shops and ISVs. Using Metamako’s Layer 1 technology, NetXpress has pioneered a truly low-latency shared solution by removing all unnecessary hops from their network.

This will improve clients’ trade latencies by more than 10 times, while providing them with a cost-effective alternative to dedicated exchange links. These Layer 1 enhancements not only deliver a dramatic improvement to latency, but they also improve overall network stability and allow clients to take more control.

NetXpress is committed to being at the forefront of ultra-low latency and cutting-edge trading technologies. Scott Feagans, co-founder, states, “NetXpress is pleased to be working with a latency-focused company like Metamako. Their leadership in ultra-low latency hardware coupled with our expertise in providing financial firms with global market connectivity and managed services, will help us serve trading clients better than ever.”

“We are delighted that NetXpress is using our network technology to bring the latest low-latency connectivity solutions to their clients. The Managed Service Provider market is highly competitive and NetXpress certainly has an edge when it comes to innovation and building a new breed of infrastructure to serve their clients better”, comments Kevin Covington, CEO at Metamako.

NetXpress will not only leverage Metamako for its latency profile, but will also use the technology for a variety of additional functionalities that result in time and cost savings; amongst them the ability for packet filtering as well as the timestamping capabilities of the Metamako devices with a precision of 1 nanosecond which enables back testing of trading strategies, regulatory compliance tracking and analysis of trading events. Other features include: tap aggregation, dynamic patching and media conversion. (Also read:  New industry standard for measuring timestamp accuracy.)

NetXpress delivers global raw market data over its ultra-low latency network, along with providing colocation services near the major exchanges and liquidity providers. NetXpress plans to deploy Metamako devices in all hosting locations: Aurora, 350 E. Cermak, NY4, Carteret, Basildon, LD4 and Frankfurt.

 

Further reading:

5 Ways to optimise latency of an exchange connection in electronic trading         Mana Partners gains ultra-low latency exchange connectivity