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 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 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.
