The future of time synchronisation in financial services
Global financial services, banks, hedge funds and fintech companies can’t afford to have their systems lose accurate time. Regulators have put Markets in Financial Instruments Directive II (MiFID II) in Europe and the Consolidated Audit Trail (CAT) in the USA in place that require clock synchronisation and trusted timestamps.
The future is in the regulation of banks and exchanges
Currently, large banks and global financial businesses still use terrestrial hardware solutions, and only coming to terms with the MiFID II and CAT regulation. Despite their accuracy, terrestrial and in-house timing solutions have expensive maintenance costs, as well as the hassle it takes to replace grandmaster clocks at every data centre.
In the near future, the ideal time stamping and clock synchronisation solution that all stock exchanges, banks, and data centres need must include multiple time feeds, efficient data distribution, accurate time synchronisation, and most importantly, transparent validation right back down to multiple Stratum Zero sources to meet all requirements.
Time synchronisation solutions and the future of global financial services
Watch this 1-minute video featuring Richard Hoptroff to learn more about how global financial services, banks and fintech companies deploy tech to synch with regulatory-mandated time.
LIVE webinar: The future of time synchronisation
In this free upcoming webinar, timing experts will discuss emerging and future technologies such as 6G networks, the last mile wireless connectivity, and why reliance on precise time sourced solely from GNSS creates big risks for organisations.
Join us on Tuesday 15 February 2022, 2pm GMT (9am EST).
Ready to learn more?
When thousands of transactions take place every second this level of accuracy and reliability is required to give financial services, banks, hedge funds and fintech companies confidence that their transactions are being properly handled. A highly accurate timing solution like the one outlined above is ready to be rolled out without the purchase and installation of additional timing infrastructure.
Hoptroff Traceable Time as a Service (TTaaS®) is a range of network and software-based timing solutions that are simple, resilient, and cost-effective.
Whether you need the security of verifiable time for compliance, or sub-microsecond delivery into your data centre, our obsession with accuracy will transform your business.
