Zeptonics to use Mellanox 10GbE NIC in World’s Fastest Trade Matching Engine – ZeptoMatch
Zeptonics developed ZeptoMatch for exchange operators and dark pool providers who want to offer a faster trading experience for traders, thereby attracting more trading volumes.
“Professional traders place great value on transaction speed,” said Dr David Snowdon, a Principal at Zeptonics. “Along with better pricing and greater liquidity, modern traders look for shorter trade matching times when deciding which trading platforms to use.”
Dr Snowdon said the Mellanox ConnectX®-3 EN 10 Gigabit Ethernet Network Interface Cards enable the Zeptonics system architecture team to design a matching engine with a round-trip client experience of less than 3 microseconds, which is 10 times faster than the NASDAQ exchange in New York, setting a new benchmark in performance.
Using ZeptoMatch in conjunction with readily available and affordable hardware, market operators can now process over a million orders per second with a median wire-to-wire match time of 1.97 microseconds,
“We developed all the software components ourselves, but even though we have considerable hardware design expertise in-house, we decided to use the Mellanox 10GbE NICs for the physical interface, and that has definitely helped us deliver a new low-latency benchmark for trade matching,” Dr Snowdon said.
Asaf Wachtel, Director of Global FSI, Business Development at Mellanox Technologies, was delighted to have Mellanox devices incorporated into a new, cutting edge solution. “Zeptonics adds to the growing list of financial technology firms that turn to Mellanox to build infrastructures with the best possible performance, reinforcing our standing as the go-to vendor for high throughput, low latency interconnects,” he said. “Mellanox’s solutions for financial services enable optimum trade execution performance with lower application latency, higher application throughput, and higher scalability.”
ZeptoMatch is just one of many next-generation solutions for latency-sensitive financial clients that are in development at Zeptonics. Founded and largely staffed by former quantitative traders and trading system developers, Zeptonics was conceived to solve problems encountered during the principals’ trading careers.
Through its rare combination of hardware know-how, software expertise and trading experience, Zeptonics is developing a range of other hardware and software solutions for brokerages, trading firms, market operators, data centre providers and telco vendors. Offerings will include direct market access gateways, network taps for security and performance monitoring, new network devices, and bespoke consulting services.