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Metamako, provider of the world’s leading low-latency, FPGA-enabled network solutions, this month celebrates 5 years since its founding. This year alone it announced working with flagship client Deutsche Börse, Europe’s largest exchange, which sees every exchange trade going through Metamako devices, along with its first company acquisition of the hardware business of xCelor, the US provider of low-latency trading solutions.
Founded by Dave Snowdon, Scott Newham and Charles Thomas, whose backgrounds are in ultra-low latency hardware, software and algorithmic trading, Metamako began operation in 2013 in Sydney with just 8 staff; it has since opened offices in 5 cities across 4 continents. Its cutting-edge network technology is not only used by leading global exchanges such as the Australian Stock Exchange and the Deutsche Börse Group but also by most of the top electronic trading firms, Tier-1 banks and telcos/managed service providers such as NetXpress.
Kevin Covington, CEO of Metamako says: “We’ve come such a long way from where the company started – an extensive array of products, clients across verticals around the world and numerous partnerships. The drive and creativity of the Metamako team are really impressive. I fully expect that our growth and market-leading product development will continue at least at the same rate, if not faster.”
This influx of clients and partners comes as no coincidence – Metamako’s product offering has grown quickly and continues to improve year on year. It first introduced its ultra-low latency network switches with a latency of just 4 nanoseconds in December 2013, followed by FPGA-enabled network devices in June 2015; it has since developed the award-winning E-Series range, capable of running up to three powerful FPGAs on a single device. Metamako also launched several high-performance network applications, entering the network visibility and monitoring space. Working with the Securities Technology Analysis Centre (STAC), Metamako created timestamping benchmarks now used as an industry standard.
Dr. Dave Snowdon, founder and CTO of Metamako, commented: “While I’m immensely proud of everything we have achieved and the strides we’ve made in these 5 years, what’s far more exciting is the prospect of building on this success in the next 5. It is, of course, important to look back and take it all in as it gives the whole team the recognition it so richly deserves for all the hard work.”
The company’s rapid expansion and innovation has not gone unnoticed – Deloitte last year named Metamako in the Top 10 fastest-growing Australian technology firms with growth of over 800% over 3 years. On the awards front, this year the company has been shortlisted in two categories of the Intelligent Trading Technology Awards and The Network Computing Awards 2018, along with RegTech Awards.
Snowdon sums up: “This is just the beginning. We won’t be resting on our laurels and will further expand our network of clients and partners by continuing to enhance our products, through being the platform of choice for running sophisticated network applications. We’ve stayed one step ahead of the competition by thinking outside the box – we intend to stick to that formula going forward.”
