Zeptonics announcements, news coverage and trade show details.
Zeptonics has released a statement in response to the recent court order by the Federal Court of Australia:
(30th October, 2012, Sydney): Zeptonics won two major prizes at the 2012 Tech23 Conference last week, including the $40,000 Innovation Excellence Award, for their lowest-latency network devices, which are specifically designed for use in the financial trading ecosystem.
The annual Tech23 event showcases 23 emerging Australian technology companies selected from 150 applications by an independent panel of judges, who then award a range of cash and incentive prizes to the most innovative, commercially applicable and technically excellent solutions.
Zeptonics won the $40,000 major prize, the Innovation Excellence Award sponsored by the NSW Government’s Trade and Investment department, for demonstrating how their innovation is unique and can underpin company performance, industry dynamics, productivity change and economic growth.
Zeptonics also earned the ATP Innovations Explorer Award, which is designed to assist the Tech23 company with the greatest export potential. The prize includes return flights to Silicon Valley, five nights accommodation, and meetings with investors, potential customers and serial entrepreneurs organised by ATP Innovations.
"Zeptonics was the standout company, showing that we can create technology locally and compete globally in the IT hardware market" said Andrew Stead, Director Business Development at ATP Innovations. "We were excited by the team, the potential of the product and the interest already shown in the market. The opportunity for Zeptonics is huge and we are very pleased to be able support the company."
Rachel Slattery, Director of SlatteryIT and Founder of Tech23, said she was delighted to see hardware innovation well represented at this year’s event. “The fact that two of the four cash prize winners were in the hardware space is a great sign that more Australian technologists are now creating businesses with global potential,” she said.
“It’s a great honour to be recognised on home turf for our engineering innovations,” said Dr David Snowdon, the Zeptonics Hardware Principal who delivered the winning presentation. “The cash award will enable us to invest even more in local R&D, and the Silicon Valley introductions will accelerate our progress with potential investors, partners and customers in the crucial North American market.”
“And beyond the prizes, Tech23 was an outstanding networking opportunity,” Dr Snowdon said. “The event enabled us to create new relationships with dozens of important figures in Australian business and government, and to meet an inspiring group of fellow entrepreneurs.”
(18th September, 2012, Sydney/New York): Zeptonics, a Sydney-based financial technology firm, today announced the first sales of its switching devices after a successful customer testing program.
Joshua Rose, Principal – Commercialisation at Zeptonics, said the independent testing program confirmed the company’s claim that the ZeptoMux, with a 130-nanosecond latency, is indeed the world’s fastest 10GbE multiplexing switch.
“Our devices were tested in trading environments at multiple client sites in the US and Asia, and the feedback across the board has validated our own latency numbers and other performance figures,” Mr Rose said.
A spokesperson for a Chicago trading firm among the initial buyers said, “We have been able to verify the functionality of the ZeptoMux, and the latency numbers have been spot on.”
“I’m extremely impressed,” said a spokesperson from another Chicago-based firm.
Mr Rose said he was delighted to have sold multiple units ahead of schedule. “And our Australian development team are excited that both of their hardware innovations will now be operating in one of the world’s great trading hubs,” he said.
The ZeptoMux is a 10GbE multiplexing switch that funnels messages from up to 23 downstream nodes to a single upstream service, and back again, as quickly as possible. It’s optimised for latency-sensitive network scenarios such as exchange co-locations and other high-speed trading environments.
(3rd September, 2012, Sydney/New York): Zeptonics, a new Sydney-based financial technology firm, today announced that its ZeptoMux switching device, the fastest in the world at 130 nanoseconds, had gone to beta testing at client firms in the US and Asia Pacific.
Joshua Rose, Principal, Commercialisation, said the development represented a key milestone for the new firm, which launched in June this year.
“The ZeptoMux has been in development for just over a year, and we are very pleased to have completed alpha testing and be moving to this important phase where clients will use the system in their own live trading environments,” he said. “We are looking forward to feedback from these firms using the ZeptoMux to minimise latency within their trading infrastructure. Their insights will help us to fine-tune the management interface and to ensure optimal connectivity with a number of popular exchanges.”
The ZeptoMux is designed to funnel messages from multiple downstream nodes to a single upstream service, and back again, as quickly as possible. It’s designed for latency-sensitive network scenarios such as exchange co-locations and other high-speed trading environments.
The 130ns ZeptoMux is an Ethernet device that delivers a fibre-to-fibre performance (including SFP+s) that’s significantly faster than any switch on the market. It’s a 10GbE 23-to-1 multiplexing switch, optimised for trading applications. The 24-port single rack unit appliance is scheduled for general availability in September this year.
Through its rare combination of hardware know-how, software expertise and trading experience, Zeptonics plans to deliver a range of hardware and software solutions for brokerages, trading firms, market operators, data centre providers and telco vendors. Offerings will include risk-protected broker gateways, network taps for security and performance monitoring, additional network devices, and bespoke consulting services.
(5th June, 2012, Sydney/New York): ZeptonicsTM, a new Sydney-based financial technology firm, today announced production of a switching device with a latency of around 130 nanoseconds, the fastest in the world.
The ZeptoMuxTM is the first 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. Founder Matt Hurd said Zeptonics fills an important gap in the market.
“The team at Zeptonics are re-thinking traditional approaches to latency challenges,” he said. “With hardware, for example, most network switches include features that deliver flexibility, but deny you the opportunity to aggressively minimise latency. When designing the ZeptoMux, our engineers stripped out all non-essential functionality and created a streamlined ‘race car’ device to replace the broad-purpose ‘sports car’ switches currently used by the industry.”
The 130ns ZeptoMux is an Ethernet device that delivers a fibre-to-fibre performance (including SFP+s) that’s significantly faster than any switch on the market. A 10GbE 23-to-1 multiplexing switch, it is optimised for trading applications. The 24-port single rack unit appliance is scheduled for general availability in August.
Hurd said the ZeptoMux is designed to funnel messages from multiple downstream nodes to a single upstream service, and back again, as quickly as possible.
“That makes it perfect for co-located trading environments, and other speed-sensitive network scenarios,” he said. “Unlike general purpose n-to-n switches, the ZeptoMux is an n-to-1-to-n device that’s specifically engineered for financial market funnels, where low latency performance is in highest demand.”
Through its rare combination of hardware know-how, software expertise and trading experience, Zeptonics plans to deliver a range of other hardware and software solutions to brokerages, trading firms, market operators, data centre providers and telco vendors. Offerings will include risk-protected broker gateways, network taps for security and performance monitoring, additional network devices, and bespoke consulting services.
“Zeptonics is raising the bar and establishing a new paradigm in low latency technology through hardware and software innovation,” said Hurd. “The world’s fastest switching device is just the beginning.”
In a lab environment, the median delay from the start of packet entry to the start of packet egress was measured at 130ns (with an InterQuartile Range of 8ns) on the upstream path and 123ns (with an IQR of 7ns) on the downstream path. Measurements were taken on 1 million packets, using passive optical splits and 1310nm SFP+ transceivers with an Endace DAG 9.2X2 packet capture and timing card.
Kristin Westlake, The Continuum Partners
+852 6105 8018
kwestlake@thecontinuumpartners.com
Zeptonics hardware principal Dr David Snowdon spoke at the Etrading Geekfest in Hong Kong on December 6.
We were in the US from October 30 through November 1 for the FIA Expo in Chicago.
Plenty of customers dropped by our booth for a chat with Joshua Rose, David Snowdon and Charles Thomas.
In October Zeptonics won the grand prize - the $40,000 Innovation Excellence Award - at the prestigious Tech23 innovation awards in Sydney. We also won the ATP Innovations Explorer Award which pays for a week of investor meetings in Silicon Valley.
Our own Dr David Snowdon spoke about "Layer 3 - How not to do it" during the Innovation Roundup at the STAC Summit in Chicago in October.
Low-Latency.com chose Zeptonics as its "Best in Show" at the SIFMA Tech Leaders Expo in New York in June.
At SIFMA we demonstrated the ZeptoMux to dozens of journalists, analysts and potential customers and received an extremely positive response.
