The solution meets the needs of HFT firms and all firms in capital markets for whom latency is critical, allowing them to benefit from the latest technology innovations in data processing.
“We are excited to be working with an innovative company like Metamako. Using their ultra-low latency devices, we can better respond to specific requirements of sophisticated financial firms and also extend accessibility of the latest technologies to a wider trading community,” said Aleksey Larichev, managing director of Avelacom.
Avelacom, which delivers raw market data from exchanges over its ultra low-latency network, along with providing exchange colocation, with the closest proximity to all major exchanges and liquidity providers globally, is now live with Metamako’s C-Series network devices (using the MetaMux app, running an Intel Arria FPGA), providing its clients in its Aurora data centre in Illinois with substantially reduced latency and true real-time trading capabilities to access CME Group markets.
One of the key features of Metamako’s FPGA-based low-latency switching device is its ability to replicate market data with a market-leading latency of just five nanoseconds and to aggregate exchange-facing orders. Metamako devices also offer a wealth of additional features such as tap aggregation, packet filtering and timestamping for regulatory compliance such as MiFID II, along with dynamic patching and media conversion.
Kevin Covington, CEO of Metamako, added: “Avelacom is a great choice and an excellent addition to our roster of financial telecommunications clients. They have an extensive reach and low latency expertise across emerging financial markets and beyond, as well as an impressive list of global clients. The combination of their ultra-fast connectivity with our unbeatable speeds will provide the trading community with exceptionally fast connectivity to key exchanges.”
The combination of Avelacom and Metamako allows clients to deal with the increasing challenges of using higher volume, real-time data in a cost-efficient way, without the need to invest in additional hardware and extra rack space.
Avelacom plans to deploy Metamako devices at several more trading venues, initially across the Middle East and APAC.
The news comes after Avelacom launched points of presence (PoPs) at AT TOKYO data centre facilities in May with the aim to improve low latency connectivity offerings for key financial markets in London and Tokyo.
