Metamako, a provider of low-latency products for exchanges and multiple asset-classes, has announced the retention of Kevin Covington in a bid to spearhead its European expansion.
Australian-based Metamako provides services and solutions for a variety of trading outlets and exchanges via its MetaConnect-16 and MetaConnect-48 latency utilities. Mr. Covington has been working in recent years with ITRS Group, helping to develop its international presence.
In his most recent role, Mr. Covington was appointed by the Metamako team to help initiate and bolster its infrastructure in the hopes of expanding its European business. He is a specialist in high frequency trading (HFT) and proficient in the day-to-day management of financial technology companies.
According to Dave Snowdon, Founder and co-CTO of Metamako in a recent statement on the move, “we launched ten months ago and quickly grew the business with our MetaConnect switches, with prop traders particularly quick to adopt our technology. Clients are now using our products worldwide and we are running ahead of plan. This is the right time to make the commitment to our clients and business and capitalize on our success in Europe, with increased levels of support, account management and sales. Getting Kevin to agree to build our European business is a real leap forward for us. He's been there and done it successfully several times and his skills and experience will be a real asset to Metamako in expanding our customer base of banks, exchanges and service providers."
"Metamako came to my attention a few months ago and what really got my interest was a well-developed product, clarity of focus from the founders and a very positive response from the market. Many companies I look at just sell a 'better mousetrap', but these guys have really gone back to first principles and created an exceptional solution for speed. They are an exciting company and I am looking forward to working with them," added Kevin Covington, Managing Director and Founder of Change Alley in an accompanying statement.
