The New World of Sync as a Service for Financial Trading

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 .

Learn moreRegister for the Time and Money Workshop: January 25, 2017, New York Stock Exchange, 11 Wall Street, New York, NY 10005