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 New Order Reports and related subsequent reports where the timestamp…

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 flawed process is that IEEE 1588 transparent clocks don't really…

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 a good reminder to not be panicked by marketing scare-tactics.…

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 require direct time from a national lab or certified via…

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 multiple sources is designed for precisely this kind of application.…

Project Roseline


Accurate and reliable knowledge of time is fundamental to cyber-physical systems for sensing, control, performance, and energy efficient integration of computing and communications. This simple statement underlies the RoseLine project.  Emerging CPS [Cyber Physical Systems - vy]  applications depend on precise knowledge of time to infer location and control communication.…