The Australian Securities Exchange (ASX) is to deploy Metamako’s MetaMux system for the real-time monitoring of its new trading platform. The technology will also be used for the timestamping and time synchronisation of its internal network traffic.
Founder and CTO of Metamako, Dave Snowdon, noted: “High-precision monitoring of the timing of network messages is a critical part of the puzzle for all types of finance firms – exchanges are no different. All these institutions need to ensure that their systems are not just working correctly, but performing as predicted, with a high degree of determinism, to optimise the behaviour of trading-related activities.”
Nicholas Rakebrandt, manager for connectivity development at ASX, added: "We evaluated a number of solutions, but in the end, the accuracy and performance of Metamako’s devices made them the obvious choice. Metamako’s solutions are simpler than other devices, and perform exceptionally well; we are already seeing the benefits of using the company’s technology. It’s an additional bonus that Metamako is an Australian FinTech company, which has very quickly captured a share of the global market.”
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