There are a number of places in the new guidelines that increase the rigor required for timestamping data. One key part covers SI’s (systematic internalizers) who operate kind-of like private exchanges. TimeKeeper’s ability to produce traceable audit and to use multiple sources is designed for precisely this kind of application. Moreover, the inclusion of the…
One of the most interesting things we saw in the proposed IEEE 1588 enterprise profile was a bold suggestion on fault tolerance that looked familiar. Here’s FSMLabs press release from September 2011 TimeKeeper 5.0 offers the ability to monitor multiple time distribution channels, even those operating on different time distribution standards or of different quality…
The Best Master Clock (BMC) algorithm is a key part and key weakness of the PTP standard. The proposed enterprise profile for PTP calls it “the so-called ‘best master clock’” algorithm because it doesn’t actually pick the best master clock in an enterprise or telco environment. The BMC requires that each clock advertise a level…
ESMA acknowledges however, that at present it may not currently be feasible to expect trading venues to synchronise their clocks or time stamp events to a granularity which is less than nanoseconds. As a result, ESMA has proposed capping the granularity and accuracy requirements at the nanosecond level. ESMA is the European Securities and Markets…
There will be a leap second June 30 2015 at midnight UCT. FSMLabs has tested TimeKeeper on Red Hat Linux and found that TimeKeeper handles the leap second properly. TimeKeeper avoids using the mechanism for managing the leap second that is sometimes built into Linux. By default TimeKeeper “slews” on the leap second to allow…
Summary: 1. TimeKeeper synchronized clocks can be accurate to within 100 nanoseconds using either Network Time Protocol (NTP) or 1EEE 1588 Precise Time Protocol (PTP). 2. Most non-TimeKeeper implementations of NTP (such as NTPd or Chrony) are usually no better than 1millisecond in accuracy – this includes many GPS based NTP network clocks. 3. There…
Leap seconds have caused tremendous problems with IT systems in the past. The last two, in 2012 and 2008 Download PDF
Although we’re just technologists here, and not experts on European Union Regulatory Law, MiFID II is very specific: Operators of trading venues and their members or participants shall synchronise the business clocks they use to record the date and time of any reportable event with the Coordinated Universal Time (UTC) issued and maintained by the…
August 27, 2020 TimeKeeper software has been certified by Redhat for RedHat Enterprise Linux 8. TimeKeeper software supports a wide range of Linux, Microsoft Windows, and Solaris operating systems and has been operating on RHEL 8 in production since the summer of 2019. This certification validates TimeKeeper as meeting RedHat standards for enterprise systems use…