21 December 2016, New York, London & Sydney: Metamako, the leading specialist provider of deterministic network devices for the world’s financial institutions, has had another stellar year. Following a very successful 2015, this year has seen expansion and growth for Metamako, with a new office in Tokyo, some interesting new clients and partnerships, along with new products.
Kevin Covington, Metamako CEO, says: “2016 has been another phenomenally successful year for us. Our revenues have grown nearly threefold, we’ve doubled our staff numbers, and we now have about twice as many clients as we did in the beginning of the year. 2017 will be at least as successful, with new products, partnerships and growth already in the pipeline.”
Earlier this year Covington was appointed CEO; he was brought in two years ago to develop the international operations and has been instrumental in growing the company since then.
In another success for the company, Dave Snowdon, Metamako CTO, was listed in Institutional Investor’s Global FinTech top 40. He says: “It’s fantastic to be in such good company in the listing. Innovation is at the core of our business, and we will continue to work on the cutting edge of new technology. As always, we focus on delivering fast, deterministic devices, with lots of useful features. 2017 will be important for us and our clients in terms of regulations such as MiFID II and our products will play a key part in solving the challenges posed by both firms and regulators.”
Covington adds: “We signed a large number of clients this year, but were only able to name a few, among them the ASX (Australian Stock Exchange), which chose Metamako for real-time monitoring of its new trading platform and for timestamping and time synchronisation of all its internal network traffic. This is a tremendous win for us, and along with new clients in the FX space, namely the LMAX exchange and FXecosystem, it underlines Metamako’s reach into a broad range of markets and asset classes. By embedding FPGA technologies into our switching devices, we’ve created a powerful combination which has multiple applications inside the networking fabric.”
At this year’s FIA in Chicago Metamako announced a strategic agreement with Enyx, with the company using Metamako’s MetaApp platform for nxLink, its ultra-low latency network product line.
Snowdon adds: “The tie-up with Enyx solidifies our position as the platform of choice for implementing financial services applications.”
Metamako introduced two products this year: MetaMux 48, the next-generation, 48-port device, which, with a latency of just 69 nanoseconds is nearly three times as fast as the best conventional switches; the other is MetaFilter, the fastest filtering application available. Its latency of just 95 nanoseconds means that it filters market data at least twice as fast as any other device; both devices are highly deterministic.