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Metamako retains Kevin Covington for European expansion

First Published 13th October 2014

Low-latency provider Metamako sets up European operations with Kevin Covington

Kevin Covington, MD and founder, Change Alley

London and Sydney - Australian-based Metamako, supplier of low-latency devices to exchanges and the trading community, has retained the services of Kevin Covington to help with its European expansion strategy. One of the original creators of the HFT-enabling co-location concept, in recent years Covington has been working with an asset management company to extend and develop the international presence of ITRS Group. Covington has been tasked by the Metamako board to develop the infrastructure for the company's European operations to broaden out the business in London and other major trading cities in Europe.

Dr. Dave Snowdon, founder and co-CTO of Metamako, said: "We launched ten months ago and quickly grew the business with our MetaConnect switches, with prop traders particularly quick to adopt our technology. Clients are now using our products worldwide and we are running ahead of plan. This is the right time to make the commitment to both clients and our business and capitalise on our success in Europe, with increased levels of support, account management and sales. Getting Kevin to agree to build our European business is a real leap forward for us. He's been there and done it successfully several times and his skills and experience will be a real asset to Metamako in expanding our customer base of banks, exchanges and service providers."

Kevin Covington, managing director and founder of Change Alley, the recently-formed London-based consultancy, said: "Metamako came to my attention a few months ago and what really got my interest was a well-developed product, clarity of focus from the founders and a very positive response from the market. Many companies I look at just sell a 'better mousetrap', but these guys have really gone back to first principles and created an exceptional solution for speed. They are an exciting company and I am looking forward to working with them."