ASX Chooses Metamako

ASX Chooses Metamako

Metamako, the leading specialist in deterministic network devices for the world’s financial institutions, announced today that it has secured as a client the Australian Securities Exchange (ASX), one of the world’s leading financial market exchanges. The ASX will be using Metamako’s MetaMux for real-time monitoring of its new trading platform and for timestamping and time synchronisation of its internal network traffic.

Dr. Dave Snowdon, founder and CTO of Metamako, said: “This is fantastic news for Metamako. To be at the heart of ASX’s network is a real recognition of the excellence of our devices. We have customers in the US, Asia and Europe, across HFT, automated trading, banking, ISVs, etc. This is the first time that a major exchange has publicly acknowledged its use of our products. The ASX win is a very significant development for us and underlines the need for accurate monitoring, not just for banks and trading houses, but for exchanges as well.”

Says Nicholas Rakebrandt, Manager, Connectivity Development at ASX: “We evaluated a number of solutions, but in the end, the accuracy and performance of Metamako’s devices made them the obvious choice. Metamako’s solutions are simpler than other devices, and perform exceptionally well; we are already seeing the benefits of using the company’s technology. It’s an additional bonus that Metamako is an Australian fintech company, which has very quickly captured a share of the global market.”

Snowdon adds: “High-precision monitoring of the timing of network messages is a critical part of the puzzle for all types of finance firms – exchanges are no different. All these institutions need to ensure that their systems are not just working correctly, but performing as predicted, with a high degree of determinism, to optimise the behaviour of trading-related activities.”

Source: ASX Chooses Metamako – mondovisione – Worldwide Exchange Intelligence