Metamako, the leading specialist provider of FPGA-enabled high-performance networking platforms, announced today that MayStreet, provider of advanced market access and data analytics technology, has joined Metamako’s network ecosystem.
MayStreet’s data analytics software for capital markets firms will now run on Metamako’s network devices. Metamako’s highly-accurate packet capture technology, combined with MayStreet’s cloud-based analytics engine, will allow clients not only to capture and timestamp, but also to interpret market data in real time. This integration allows users to monitor incoming market data, including bandwidth and packet loss, providing real-time performance insight, without the complexity and cost of having to use additional hardware or specialised appliances.
It is often difficult or impossible to tap the many cross-connects within capital market environments and Metamako solves this through a single, ultra-low latency point for replicating traffic at the edge of the network, with MayStreet providing analysis.
Patrick Flannery, CEO of MayStreet, said: “Our clients have vast quantities of data flowing across their networks. There generally hasn’t been an easy, cost-effective way to collect all the traffic on the network and generate the business-specific data sets. Working with Metamako changes that: we can quickly and easily collect extremely high-quality ‘raw’ capital markets data and transform it into specific use cases. For example, we can capture market data and order entry data in a unified stream, across all cross-connects and generate SEC and CFTC audit trail reports.”
Kevin Covington, CEO of Metamako, said: “MayStreet is a great addition to our growing third-party ecosystem and helps us to extend the range of apps being integrated into and leveraging our platform. MayStreet has deployed its analytics engine on our latest MetaWatch application, which allows for lossless data capture using its deep buffering technology. Clients will benefit from the combination of MayStreet’s analytics and Metamako’s data collection and high-precision timestamping.”
Covington continued: “The newly-formed partnership has already seen interest from financial institutions looking for RegTech to help them comply with regulations such as MiFID II, as they need reporting applications which accurately capture every trade and order update.”
The partnership provides a cost-effective way to capture much richer data sets in real time and allows Metamako to deliver MayStreet’s analytics, displayed on a user-friendly GUI, which is excellent for real-time compliance and reporting applications.