< The 2016 Trading Technology 40

Like Level39 in London and other financial technology innovation hubs around the world, Sydney’s Stone & Chalk is primarily populated by software entrepreneurs hoping to bring their apps, analytics and other tools to the attention of buyers and investors. By contrast, Metamako is a hardware company that was already making waves in the trading industry when it announced its move into Stone & Chalk last summer. Founded three years ago by Dave Snowdon and his co-CTOs Scott Newham and Charles Thomas, and building on their financial market engineering experience, Metamako develops high-performance network devices specifically for firms that depend on low latency. It’s not just about raw speed, as in the nanosecond-measured two-way communications verified in benchmark testing of the company’s FPGA (field-programmable gate array) devices. Market players are looking for “deterministic latency,” a predictability that is “more important than latency,” Snowdon, 35, asserts. “Determinism will help provide a fairness improvement to the markets.” Signs that Metamako is delivering on its motto of “simplifying networks, reducing latency and increasing flexibility”: It has doubled its original team size, to 16, and opened offices in London and New York. Fintech start-ups have a hard time making their first sales, especially to large financial institutions. Metamako found “early adopters” at high frequency trading firms willing to experiment with offerings when they were “still half-baked,” Snowdon explains. Now doors have opened at banks, brokerages and exchanges, and in the telecommunications industry. Those users are considering additional ways to apply the technology, such as in security and systems monitoring. Network monitoring is a prerequisite for compliance with Europe’s Markets in Financial Instruments Directive (MiFID II), which Snowdon notes had to be delayed in part because of technological shortcomings. MetaWatch, a Metamako application launched in November, addresses part of the problem with “highly accurate time-stamping and data capture, he says.”

 
2016 Trading Technology 40Click below to view profiles

1. Raymond Tierney III Bloomberg 2. Richard Prager BlackRock Sponsored Podcast- Capturing Alpha: A Bridge Between Quantitative and Fundamental Disciplines Sponsored by Fidelity Investments October 21, 2025 3. Chris Isaacson BATS Global Markets 4. Jonathan Ross KCG Holdings 5. Bradley Peterson Nasdaq

6. Brad Levy Markit 7. Dan Keegan Citi 8. Ronald DePoalo Fidelity Institutional 9. Raj Mahajan Goldman Sachs Group 10. Ari Studnitzer CME Group

11. Mayur Kapani Intercontinental Exchange 12. Gerald O’Connell CBOE Holdings 13. Nicholas Themelis MarketAxess Holdings 14. Gil Mandelzis EBS BrokerTec (ICAP) 15. Bill Chow and Richard Leung Hong Kong Exchanges and Clearing

16. Rob Park IEX Group 17. Philip Weisberg Thomson Reuters 18. John Mackay (Mack) Gill MillenniumIT 19. Robert Cornish International Securities Exchange 20. Paul Hamill Citadel Securities

21. Eric Noll Convergex 22. Tyler Moeller and Joshua Walsky Broadway Technology 23. Rishi Nangalia REDI Holdings 24. Veronica Augustsson Cinnober Financial Technology 25. Alasdair Haynes Aquis Exchange

26. Manoj Narang Mana Partners 27. Gaurav Suri Arcesium 28. Robert Sloan S3 Partners 29. Anton Katz and Stephen Mock AQR Capital Mgmt 30. Stu Taylor Algomi

31. D. Keith Ross Jr. PDQ Enterprises 32. Donal Byrne Corvil 33. Alfred Eskandar Portware 34. R. Cromwell Coulson OTC Markets Group 35. Masayuki Hosaka Rakuten

36. Peter Maragos and David Karat Dash Financial 37. Amar Kuchinad Electronifie 38. Jennifer Nayar SR Labs 39. Dave Snowdon Metamako 40. Dan Raju Tradier