A FSMLabs whitepaper. [gview file=”https://www.yodaiken.com/wp-content/uploads/2018/05/financeandbeyond.pdf”]
Time out of joint
Financial trading venues and trading systems operate so quickly and rely on clocks so deeply that events like the one noted in this FINRA report are more common than many understand The findings stated that the firm transmitted to OATS
IEEE 1588 PTP is a mess
IEEE 1588 was not designed for modern enterprise computer networks and contains many hacks to make it sort of work. The standard also suffers from being overly explicit on some things and overly unspecific on others. One marker of the
ESMA clarifies time sources for MiFID II
ESMA just released guidelines that reinforce what was already clear in the MiFIDII regulation – that GPS time is a perfectly acceptable source of “traceable” time. There is a lot else that is of interest in this report, but it’s
MiFID II, GPS and UTC time
I have a post up on FSMLabs web site about the use of GPS and other satellite time for MiFID II timestamp compliance. It’s fascinating how much effort has recently gone into trying to convince people that MiFID II will
Windows support in Timekeeper and MiFID II Compliance
TimeKeeper® PTP/NTP time synchronization software now works on Microsoft Windows® Operating Systems including Windows 7, Windows 8 and Windows Server 2012. This has been a lot longer in coming than we originally expected because most of our early customers turned
MiFID2 and security – keeping track of the money
A shorter version of this post is on the FSMLabs web site. MiFID2 is a new set of regulations for the financial services industry in Europe that includes a much more rigorous approach to timestamps. Timestamps are in many ways
MiFID2 Timestamp regulations
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
The Enterprise Profile for PTP and TimeKeeper
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
Smart and dumb clients and the “so-called” Best Master Clock Algorithm in PTP IEEE 1588
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