AUSTIN – Oct 24, 2013 – To successfully execute on complex trading strategies and to stay in compliance, a firm must know the exact time that events happen, such as ticks, trades, and computed correlations. If a time stamp is off, it could be the difference between a successful trade and a debilitating business challenge. For the last 4 years, FSMLabs has provided some of the world’s leading financial trading firms software and hardware for high-precision time synchronization and distribution to prevent intentional and accidental time errors, manage compliance, and guard against malicious attacks. However, a large number of financial firms still do not recognize just how easily time can be compromised.
For financial institutions, time synchronization is imperative to providing an audit trail, staying profitable, and protecting against cyber crimes. Typically, reference time comes from GPS satellites. Yet, the networks in which the time is distributed and the computer systems that receive it are not instantaneous and can introduce delays that can cripple trading. In addition, a human error, such as a harmless misconfiguration or a deliberate sabotage, like GPS spoofing, can lose, corrupt, or radically delay time data, causing trading algorithms to misfire and compromising the audit trail of trades.
“The lack of industry knowledge about just how easily time distribution can be broken still surprises me,” said Victor Yodaiken, CEO, FSMLabs. “Organizations are either throwing a lot of money at ‘solutions’ that are not created for the enterprise, or they are simply unaware of the issue. It is critical that financial organizations take time synchronization seriously. With the threat of cyber attacks on GPS radio signals, combined with inevitable human error, and increasing regulatory demands, organizations need a time synchronization solution that will keep them out of the headlines and ensure they remain in good standing and profitable.”
FSMLabs’ TimeKeeper® software and hardware suite was specifically designed for financial institutions to protect against all types of time errors. The end-to-end solution uses multiple GPS sources connected to different antennas and network-time feeds to ensure time synchronization, monitoring, and management. TimeKeeper detects even subtle changes to time sources and rapidly switches to alternative sources. The solution also:
• Synchronizes networks to the sub-microsecond range
• Monitors and compares time sources to protect against network attacks and errors and ensure an auditable trace to document due diligence and forensics
• Supports a range of technologies and both the NTP and PTP 1588 time protocols, ensuring minimal disruption to existing applications or IT systems
• Improves speed to receive time data from operating systems
• Minimizes time spent configuring, patching and reorganizing networks and fighting with solutions that were never intended for the enterprise
FSMLabs is a technology company specializing in time-related innovation. The firm’s flagship product is TimeKeeper, the software solution of choice for a growing number of high-speed trading firms for high-precision synchronization of time data. FSMLabs has more than 14-years’ experience in real-time operating systems and software for industries such as finance, avionics and robotics, where time is a mission-critical resource. The company is privately held and headquartered in Austin, Texas. For more information, visit http://www.fsmlabs.com.
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Articulate Communications Inc.
P: 212.255.0080, ext. 12
FSMLabs, provider of software for high-precision time synchronization and distribution, today announced that its TimeKeeper® Grandmaster solution has been adopted by some of the world`s leading hedge funds and exchanges to provide an audit trail and protect against cyber attacks on GPS time.
TimeKeeper Time Synchronization With Mellanox Interconnect Adapters Breaks Ground With High-Precision Time for NTP and PTP Messages on InfiniBand and Ethernet High-Speed Networks
New solution removes the barriers to entry in state-of-the-art time management, eliminating timing-related risk in high speed trading and other time-critical operations
FSMLabs Releases TimeKeeper 6.0
FSMLabs Releases TimeKeeper 6.0 with new support for extended timing networks, network administration and resiliency
Newest release is a major step toward enterprise time precision and management
Austin, TX – May 30, 2012 – FSMLabs® today announced the 6.0 release of TimeKeeper™, its groundbreaking time synchronization software for high-frequency trading and other applications requiring extreme time precision. The newest iteration of TimeKeeper addresses expansion of high-precision time synchronization across networks, including cloud and other beyond-the-wall environments. In addition, it now offers a web-based management console, as well as oversight of time performance across network components.
FSMLabs® today announced that TimeKeeper™ time synchronization software and the Solarflare® SFN5322F Dual-Port 10GbE Precision Time Synchronization Server Adapter were benchmarked with time distribution accuracy as precise as 300 nanoseconds. Three separate, logged, multi-hour runs were performed by FSMLabs in response to a request by a high-frequency trading and hedge fund firm. The test was run using Precision Time Protocol in a plug-and-play mode with no special configuration.
“For high-frequency trading, a variance of a microsecond in time accuracy can be an operational risk issue that destroys competitive advantage,” said Cort Dougan, chief technology officer of FSMLabs. “The test with Solarflare was required by a highly competitive firm, and these results clearly support their trading strategies. TimeKeeper provides many additional benefits to trading operations, including fastest time delivery into application software, multi-time source management, and performance logging across the network. But time precision in the sub-microsecond range is the foundation requirement, and this is unquestionably available in this configuration.”
“Solarflare enables its customers to build the highest-performance, lowest-latency, and most scalable 10GbE networks in the industry. For aggressive trading firms using every technological advantage, our SFN5322F and its onboard Stratum 3 clock are best in class for data transport with high-precision synchronized clocking,” said Bruce Tolley, Solarflare’s vice president of solutions marketing. “We are pleased to have worked with FSMLabs to deliver this breakthrough solution for the distribution of high-precision time. We look forward to partnering together with common customers in the trading and financial services markets.”
Solarflare is a leading provider of application-intelligent networking I/O products that bridge the gap between applications and the network, delivering improved performance, increased scalability, and higher return on investment. The company’s solutions are widely used in scale-out server environments such as high frequency trading, high performance computing, cloud, virtualization and big data. Solarflare’s products are available from leading distributors and value-added resellers, as well as from Dell, IBM, and HP. Solarflare is headquartered in Irvine, California and has an R&D site in Cambridge, UK.
FSMLabs is a technology development company specializing in time-related innovation. The firm’s latest product is TimeKeeper, the software solution of choice for a growing number of high-speed trading firms for high-precision synchronization of time data from reference clocks to the application layer in networked environments. FSMLabs has more than 12 years experience in real-time operating systems and software for industries such as finance, avionics and robotics, where time is a mission-critical resource. The company is privately held and headquartered in Austin, Texas. For more information, visit http://www.fsmlabs.com.
TimeKeeper is a trademark of FSMLabs Inc. FSMLabs is a registered trademark of Finite State Machine Labs Inc.
AUSTIN, TX, Sep 19, 2011—FSMLabs(R) today announced the 5.0 release of TimeKeeper(TM), its groundbreaking time synchronization software for high-frequency trading and other applications requiring extreme time precision. Addressing the fragility of certain time architectures in maintaining precise time, TimeKeeper 5.0 improves system security by tracking multiple time channels to identify and react to time performance problems. In addition, it offers the ability to bridge precision time over multiple networks.
Yodaiken in Automated Trader Article
Market Data Maelstrom
Automated Trader article on changes in high frequency trading interviews, among others, FSMLabs CEO Victor Yodaiken.
Austin, TX – January 18, 2011 – FSMLabs®, premier provider of enterprise real-time and timekeeping technology, today announced an agreement to sell a number of its patents to Intellectual Ventures®, a firm which supports innovation through investments in inventors and inventions. FSMLabs retains the rights to incorporate the patented technology in its own products.
Support of Leading Linux Platform Enables Refined Market Response
And Venue Arbitrage through Precision Time Data Delivered to Trading Apps
FSMLabs and EndRun Technologies Bring Microsecond Accurate
Timekeeping to Financial Services Data Centers with CDMA
Solution leverages ubiquitous mobile/wireless technology for timekeeping accurate to 10 microseconds;
Expands reach of precise timekeeping to data centers of all sizes and locales.
Austin, TX – June 8, 2010 – FSMLabs, a premier provider of enterprise real-time and timekeeping technology, today announced support for the IEEE 1588 Precision Time Protocol (PTP) standard in its flagship TimeKeeper™ product. Adding PTP Version 2 to TimeKeeper opens a route for companies conducting low latency transactions, especially in financial services, to increase competitive edge and get ahead of new regulatory requirements, by seamlessly upgrading time services while taking advantage of advanced networking equipment
FSMLabs TimeKeeper and Spectracom NetClock deployed with leading financial services firms;
Enable trade data time-stamping accurate to tens of microseconds across global networks
FSMLabs Lowers Latency for Wall Street
FSMLabs Lowers Latency for Wall Street with Real-Time Networking Stack that Guarantees Network Bandwidth & Task Execution
Yodaiken Open Group Speaker
Victor Yodaiken addresses the Open Group’s Real-Time Forum in Austin
FSMLabs Certified by IBM
RTTimeSync is accepted to the IBM “Ready for Grid Computing” program
FSMLabs Listed with NASD
NASD Listed RTTimeSync Unveiled for Reg. NMS Compliance at the Linux on Wall Street Conference and MySQL Users Conference
Wind River Acquires RTLinux from FSMLabs
Wind River acquires real-time Linux from FSMLabs Real-time response allows for expansion into such markets as aerospace, defense, navigation,
FSMLabs to bring Real-Time to Enterprise
FSMLabs to bring Real-Time Technology to Enterprise, Security and Financial Markets
FSMLabs Introduces RTTimeSync
Be Compliant and Say Goodbye to ‘Clock Drift’ with FSMLabs’ Nanosecond Timing Synchronization Software