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Microsecond Synchronization Solved Spectracom’s Time Fidelity synchronization solution for high-frequency trading Spectracom is a company of the Orolia Group. About Spectracom For more than three decades, our customers have relied on Spectracom’s time and frequency products to support vital communications networks. During this time we have developed substantial technical talent and robust product platforms while earning a great reputation for personal service and support. We understand that one size doesn’t always fit all and we will work with you to develop custom solutions. Most importantly, our support doesn’t stop when your order ships. We will help you with installation, system integration, and changes in deployment. Our expanding product portfolio includes secure network time servers, grandmaster and master clocks, applications software, bus-level timing boards, time and frequency distribution systems, test instruments and GPS simulators. As we add to our product family you can continue to count on Spectracom to deliver a high degree of reliability, quality, and support. North America 95 Methodist Hill Drive Rochester, NY 14623 USA Phone: +1.585.321.5800 France 3, Avenue du Canada Les Ulis, Cedex F-91974 France Phone: +33 (0)1 64 53 39 80 United Kingdom 6A Beechwood, Chineham Park Basingstoke, Hants RG24 8WA UK Phone: +44 (0)1256 303630 [email protected] www.spectracomcorp.com High Performance Computing Low Latency Applications Trading Algorithmic

Precision Timing in Financial Infrastructures

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Financial institutions, hedge funds and marketmakers require superior synchronization tools to provide an end-to-end solution. Spectracom addresses the most difficult problems including precision synchronization between trading centers or network partners, time synchronization when GPS is not present and translating this precision to your key network elements. Our solutions allow for time-stamping market feed data, quotes and trades and delivering this time literally to the application-level itself so that trading algorithms are making decisions and executing upon them with the most accurate time possible.

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Page 1: Precision Timing in Financial Infrastructures

Microsecond Synchronization Solved

Spectracom’s Time Fidelity synchronization solution for high-frequency trading

Spectracom is a company of the Orolia Group.

About SpectracomFor more than three decades, our customers have relied on Spectracom’s time and frequency products to support vital communications networks. During this time we have developed substantial technical talent and robust product platforms while earning a great reputation for personal service and support.

We understand that one size doesn’t always fit all and we will work with you to develop custom solutions. Most importantly, our support doesn’t stop when your order ships. We will help you with installation, system integration, and changes in deployment.

Our expanding product portfolio includes secure network time servers, grandmaster and master clocks, applications software, bus-level timing boards, time and frequency distribution systems, test instruments and GPS simulators. As we add to our product family you can continue to count on Spectracom to deliver a high degree of reliability, quality, and support.

North America95 Methodist Hill DriveRochester, NY 14623 USAPhone: +1.585.321.5800

France3, Avenue du CanadaLes Ulis, Cedex F-91974 FrancePhone: +33 (0)1 64 53 39 80

United Kingdom6A Beechwood, Chineham ParkBasingstoke, Hants RG24 8WA UKPhone: +44 (0)1256 303630

[email protected] www.spectracomcorp.com

High PerformanceComputing

Low LatencyApplicationsTrading

Algorithmic

Page 2: Precision Timing in Financial Infrastructures

SERV

SERV

SERV

Feed Handler

Traceable Time Source

TIME TRANSFER

NETWORKDELAY

NETWORKDELAY

NETWORKDELAY

FIREWALL OTHERMIDDLEWAREDELAYS

NETWORKDELAY

TIME TRANSFER

Local Master Clock

Quote / Order Handler

LAN LAN LAN

Algorithmic Server

Exchange

Local Master ClockLocal Master Clock

Market Messages

Market Messages

Formatted andTime Stamped

Quotes / Orders

Confirmations

Orders

FIREWALL OTHERMIDDLEWAREDELAYS

FIREWALL OTHERMIDDLEWAREDELAYS

For years, IT managers at financial services institutions

have struggled with accurate, traceable time to the

various networks and network elements in their

trading architecture. Solutions such as network time

protocol, standard NTP daemons and drivers, secure

GPS network time servers and IRIG sources and

receivers have been the answer to satisfy market trading

requirements and compliance-based record-keeping.

Today, high-frequency trading requirements have raised

the bar significantly, including time-stamping market

data, implementing precision trading algorithms and

managing network latencies. In this new world, making

decisions on time and ensuring that your information

gets to its destination with the network delay you expect

is essential to remaining competitive.

Financial institutions, hedge funds and market-

makers require superior synchronization tools

to provide an end-to-end solution. Spectracom

addresses the most difficult problems including

precision synchronization between trading centers

or network partners, time synchronization when

GPS is not present and translating this precision

to your key network elements. Our solutions allow

for time-stamping market feed data, quotes and

trades and delivering this time literally to the

application-level itself so that trading algorithms

are making decisions and executing upon them

with the most accurate time possible.

Throughout the Trading NetworkSynchronized Time

“Requirements for synchronization precision are moving from thousandths of seconds to millionths of seconds.”

“Overcoming latencies requires traceable time within and across any network in the trading architecture.”

Page 3: Precision Timing in Financial Infrastructures

LAN LAN

SERV

SERV

SERV

SERV

SERV

SERV

TimeKeeper PTP Client

TimeKeeper PTP Client

GPS-Denied EnvironmentGPS Antenna

PTP Enabled Switch or Dedicated Network

PTP OutPTP In

Blade Servers

GPS-12R Portable Calibrator

Sync Tester

SecureSync Master/Slave

SecureSync PTP Grandmaster

Every 3-4 Months

SecureSync PTP master/slave SecureSync PTP Grandmaster

Blade Server

Application Server

TSync-PCIe-PTP

GPS-12R Portable Calibrator

TimeKeeper PTP Client

TimeKeeper PTP Client

SecureSync Time Reference / Network Master Clock

• GPS timing secure network appliance

• PTP grandmaster

• NTP server

• PTP slave and NTP peering modes

• IBM Sysplex timer

• Many other timing references and signals

• Atomic clock internal reference option

• Configurable for your exact requirements

TimeKeeper Linux PTP/NTP Software

• Low latency, deterministic time-transfer forthe application

• “Last-mile” solution for precision computersynchronization

• Requires no kernel modifications orapplication changes

• Support for a variety of standard Linuxdistributions (special configurations andmodifications available)

TSync-PCIe Plug-in PC Card

• 4 nanosecond resolution hardware time-stamping offers the highest performancecomputer sync

• Configurations for PTP, GPS and other

time references

• Timing signal outputs for testing

and validation

• Precision internal clock option

STA-61 Synchronization Tester/Analyzer

• Measure PTP performance

• Portable tester with touch-screen fornetwork testing

GPS-12R Portable GPS-Rb Time Calibrator

• GPS receiver synchronizes when “in-view”

• Battery-power and atomic Rb clock formaster clock calibration in GPS-deniedenvironments

Time synchronization solutions need just the right equipment and software in just the right places. Spectracom stands ready to work with you to make sure our solutions solve your problems. We have all the right products you need and the expertise to help you put it all together. From precision clocks to distribution, to measurement solutions and great product support… it’s all there.

For the best performance, use our PTP (Precision Time Protocol utilizing the IEEE-1588v2 standard) to precisely distribute time across a LAN from a grandmaster clock to a PCIe bus card in a server or to a LINUX PTP precision software client installed in your application or blade servers. PTP ensures that you will get the best time transfer performance over a managed network. The Spectracom solution extends synchronization to GPS-denied environments through portable calibration and ensures performance with synchronization test analyzers.

Ensuring Time Fidelity

“Spectracom end-to-end solutions address timekeeping challenges throughout the trading network.”

“The result is ‘Time Fidelity’, accurate time where you need it.”

The SoluTion SeT

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