COPENHAGEN, Denmark, Dec. 14, 2017 /PRNewswire/ -- Today Napatech, the leading provider of reconfigurable computing platforms, announced a successful partnership integration with MayStreet, a provider of advanced market access and data analytics technology. The joint solution, deployed for a proprietary trading firm, combined Napatech's FPGA-based SmartNIC and Pandion recording software with MayStreet's high-precision data monitoring solutions. It provided the unique opportunity to use ultra-high-quality, network-level data capture for research data set generation, real-time risk monitoring, latency measurement and compliance functions.
Some key considerations for choosing the Napatech-MayStreet solution were:
- Easy integration into existing workflow: In today's high-frequency markets, high-precision packet capture is a necessity for all market participants, but most of the solutions available in the market require a commitment to an expensive and opaque technology stack around packet capture, data storage, data access and analytics. With the Napatech-MayStreet solution, the customer didn't have to replace its existing systems, reducing the time-to-deployment by a factor of five.
- Enhanced capital markets opportunities: The combined solution offers trading firms the ability to capture, retain and monitor all data for a variety of use cases like market data and order entry monitoring, latency measurement and regulatory compliance. Being able to address many challenging and important requirements quickly and cost-effectively is important in this highly competitive environment.
- Cost and flexibility: Napatech's products were easily deployed in a standard, open server platform from Dell, dramatically altering the costs compared to alternative solutions based on siloed hardware systems. Moreover, the solution's integration with the cloud saves storage costs and provides shorter access times to historical data sets.
Patrick Flannery, CEO of MayStreet, said: "Napatech has the best capture hardware available. With Pandion, we get four ports of perfect data capture, GPS time stamps and low form factor. By choosing Napatech's offering, we get a complete solution in small, medium and large options distributed through major resellers. All of this makes deploying Napatech for firms of any size an easy proposition."
Jarrod J.S. Siket, CMO of Napatech, said: "Financial services firms must attain full packet capture to comply with regulations. In an industry where transparency is key, zero packet loss enables complete visibility, and that is what our FPGA-based packet capture technology provides. The combination of Napatech and MayStreet allows firms to bridge the gap between high-quality network data capture and actionable insight."
Napatech helps companies to reimagine their business by bringing hyperscale computing benefits to IT organizations of every size. We enhance open and standard virtualized servers to boost innovation and release valuable computing resources that improve services and increase revenue. Our reconfigurable computing platform™ is based on a broad set of FPGA software for leading IT compute, network and security applications that are supported on a wide array of FPGA hardware designs. Additional information is available at: www.napatech.com.
MayStreet is the next generation capital markets platform delivering low-latency connectivity, high-precision data and sophisticated analytics to banks, broker dealers, investment managers and exchanges. Our cloud-based platform provides unique, high-quality datasets, analytics and monitoring tools to help answer complex questions about contemporary markets.
No Forward-Looking Statements
This press release may contain forward-looking statements which are only predictions and may differ materially from actual future events or results due to a variety of factors, including but not limited to, business conditions, trends in the industry and markets, global economic and geopolitical conditions, macro-economic factors, and other risks and uncertainties set forth in Napatech's reports. The matter discussed in this release is based on current expectations and maybe subject to change. Napatech will not necessarily update this information. For details, visit us at www.napatech.com.