Not only does MiFID II explicitly require working clock synchronization, many of the recordkeeping requirements cannot be met if time is not verifiably synchronized during the entire trading day. Here’s what you need to know. The Card Players (Les Joueurs de cartes) by Paul Cézanne (Public Domain, Source) The microsecond and millisecond clock accuracy requirements in the…
Clock synchronization systems are vulnerable to a number of security failures that are exceptionally difficult to address. TimeKeeper has a growing portfolio of security protections to provide a defense in depth at wire speed. The defense in depth approach to security involves multiple levels of protection that support each other to complicate the task of…
Leap seconds have caused tremendous problems with IT systems in the past. The last few 2015, 2012 and 2008, resulted in thousands of servers crashing across the internet leaving several sites (Foursquare, Yelp, LinkedIn, Gawker, Slashdot, Mozilla and Quantas Airlines) out of service for a while. Learn More
NTP can be the basis for UTC traceable 1 microsecond accurate time. Read More
Accurate time on Microsoft Windows is easy to achieve when using TimeKeeper software and Mellanox ConnectX network adaptors. The most stringent of the MiFID II clock synchronization requirements of 100 microseconds can be met without changes in infrastructure, exotic protocols (such as PTP) or dedicated hardware. Many TimeKeeper customers operate clocks with a better than…
Accurate time on Microsoft Windows is easy to achieve when using Timekeeper software. The most stringent of the MiFID 2 clock synchronization requirements of 100 microseconds can be met without changes in infrastructure, exotic protocols (such as PTP) or dedicated hardware. Read More
Financial services regulation of technology, theory and practice. Download Whitepaper
With TimeKeeper’s high quality multi-source Time Client, Windows 10 operates at the high levels of timestamp accuracy needed for: MiFID II and other regulatory compliance automated trading in general enterprise data analysis and big data Real-Time broadcast and control. Accuracy to within 10s of microseconds is no problem with either PTP 1588 or NTP time…
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…