Metamako Slashes MetaMux Latency To Offer High-Speed Market Data Filtering

Metamako, a provider of latency devices and solutions for the trading industry and exchanges, has announced a major improvement to the latency of MetaMux 48, which is down from 82 nanoseconds to just 69 nanoseconds for round-trip Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term connectivity.

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MetaMux 48 is Metamako’s next-generation, 48-port device and is now the lowest-latency exchange connectivity solution available. After its launch in May, it was already twice as fast as any of the best-performing conventional switches.

MetaFilter Filtering App

Metamako has also launched MetaFilter, a filtering application which is available for Metamako’s MetaMux 32 and MetaApp 32 devices, and will shortly be available for MetaMux 48.

With a latency of just 95 nanoseconds MetaFilter filters market data at least twice as fast as conventional devices currently on the market. Its latency remains deterministic, regardless of the number of filters and rules being applied.

Dave Snowdon, founder and CTO of Metamako, said, “MetaFilter allows providers of market data and venue connectivity to select the messages that each of their clients’ applications wish to receive. Each of our devices can have up to 31 individual custom configurations of market data with the filtering being done at record low latencies and with the usual, high degree of determinism that our clients have come to expect of us.”

He added, “It’s also great to be able to announce the latency reduction of MetaMux 48. We’ve made substantial improvements to the software, which was already exceptionally fast: it now allows multiple trading servers to Leverage Leverage In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders In financial trading, leverage is a loan supplied by a broker, which facilitates a trader in being able to control a relatively large amount of money with a significantly lesser initial investment. Leverage therefore allows traders to make a much greater return on investment compared to trading without any leverage. Traders seek to make a profit from movements in financial markets, such as stocks and currencies.Trading without any leverage would greatly diminish the potential rewards, so traders Read this Term a single exchange hand-off at a fraction of the latency incurred by typical switches.”

Benefits

MetaFilter can be used for firewall and security purposes, for privacy in multi-tenant scenarios, broadcasting a single market data stream to many filters, creating new packet streams with different content and ensuring compliance with exchange market data rules by only giving access to data to those who are paying for it.

Filters can be applied using standard access control lists (ACLs), which allow filtering based on the IP, MAC addresses, UDP or TCP port, VLAN tag, etc, contained within a packet. A typical implementation is to filter low latency market data to reduce the load on downstream application servers or to adhere to exchange market data access rules.

Finance Magnates last reported on Metamako in October after LMAX Exchange integrated the company's solutions for its FX data capabilities to enhance its offerings to retail and institutional clients.