Case Studies

Finance

Inter-datacenter accurate time synchronization in a metro area using commercial telecommunication networks for the Spanish Stock Exchange.

The finance industry is being pushed by MIFIID II regulation to register most of its operations with timestamps legally traceable to a Coordinated Universal Time (UTC) reference with 1 microsecond granularity and 100 microseconds maximum divergence. This poses a challenge for the sector, since the most commonly used solutions to provide time in the industry do not comply with the requirements.