MEDIA ADVISORY — Jan. 6, 2017 —
The finance community has typically approached timing as a day/date/time issue, but that is changing. Regulations are creating the need for financial trading companies to seriously explore and eventually implement Precision Time Protocol (PTP) sync in their network — and for telecom operators to propose “sync as a service.” The U.S. Securities and Exchange Commission’s Rule 613 goes into effect in 2018 and requires that all machine-to-machine trading transactions be recorded with an accuracy of one millisecond. The European Securities Market Authority (ESMA) has developed Markets in Financial Instruments Directive (MiFID) II, which creates a need for a time stamping of one microsecond for high-frequency trading, effective January 3, 2018. Precision timing is needed to achieve these targets. Sync as a service can help. Gil Biran, SVP and General Manager, Oscilloquartz covers this topic in-depth in the latest ATIS Interview. Make sure you know the impact of the timing changes on the horizon and their impact. View the full interview.
ATIS’ Time and Money Workshop brings together not only finance and trading software specialists, but also telecom experts to discuss the leading insight into the importance of network timing issues for financial institutions. It gives the financial community unique access to the professionals managing time for the entire network. The event is closely coupled with the world’s longest-running timing and synchronization workshop, the NIST-ATIS Workshop on Synchronization in Timing Systems.
Time and Money covers: Pragmatic Approaches for Sync Delivery in Finance Markets by Gil Biran, Senior Vice President and General Manager, Oscilloquartz, an ADVA Optical Networking Company; Increasing Resilience for Positioning, Navigation and Timing by Bob Kolasky, Deputy Assistant Secretary, Office of Infrastructure Protection, Department of Homeland Security; Speed and Latency in U.S. Equity Markets by Austin Gerig, Assistant Director – Office of Research and Data Services, Division of Economic and Risk Analysis, U.S. Securities and Exchange Commission; and much more. View the full agenda .
As a leading technology and solutions development organization, the Alliance for Telecommunications Industry Solutions (ATIS) brings together the top global ICT companies to advance the industry’s most critical business priorities. ATIS’ 150 member companies are currently working to address 5G, the all-IP transition, network functions virtualization, big data analytics, cloud services, the ICT implications of Smart Cities, emergency services, M2M, cyber security, network evolution, quality of service, billing support, operations, and much more. These priorities follow a fast-track development lifecycle – from design and innovation through standards, specifications, requirements, business use cases, software toolkits, open source solutions, and interoperability testing.
ATIS is accredited by the American National Standards Institute (ANSI). ATIS is the North American Organizational Partner for the 3rd Generation Partnership Project (3GPP), a founding Partner of the oneM2M global initiative, a member and major U.S. contributor to the International Telecommunication Union (ITU), as well as a member of the Inter-American Telecommunication Commission (CITEL). For more information, visit www.atis.org.
About SIP Forum
The SIP Forum is an IP communications industry association that engages in numerous activities that promote and advance SIP-based technology, such as the development of industry recommendations, the SIPit, SIPconnect-IT and RTCWeb-it interoperability testing events, special workshops, educational seminars, and general promotion of SIP in the industry. The SIP Forum is also the producer of the annual SIPNOC conferences (for SIP Network Operators Conference), focused on the technical requirements of the service provider community. One of its notable technical activities is the development of the SIPconnect Technical Recommendation – a standards-based SIP trunking recommendation that provides detailed guidelines for direct IP peering and interoperability between IP PBXs and SIP-based service provider networks. Other important Forum initiatives include work in Fax-over-IP interoperability, User Agent Configuration, Video Relay Service interoperability, security, NNI, and SIP and IPv6. For more information, please visit: http://www.sipforum.org.
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