TECH TICKER…
Synchronization at 10 Billion Bits a Second
October 22, 2012
FSMLabs, Solarflare Pro will synchronize time across networks of varying quality. Koscom Leverages IPC's financial markets network to enhance of foreign firms to the Korean securities market. London Metal Exchange signs an agreement to implement the Millennium Surveillance platform.
FMSLabs: The provider of time-keeping software and high-performance hardware supplier Solarflare are providing a clock and a system synchronism mechanism that will work over networks operating at 10 billion bits a second.
The latest iteration of FSMLabs’ TimeKeeper Grandmaster Clock and Solarflare’s Pro technology will allow trading firms that are connecting with networks of varying quality to monitor and synchronize multiple time sources and distribute high precision time.
Aimed largely at existing networks, the clock and related technology supports different time signal protocols among network segments and synchronizes time across data centers and virtualized environments.
“Time fluctuations as small as a few microseconds can trigger costly errors in high-speed trading and leave little or no evidence in traditional time distribution systems,” Victor Yodaiken, CEO of FSMLabs said.
Koscom: The Korean-based financial technology supplier said it will use IPC’s financial market network technology, to update its Busan financial data center.
Koscom is leveraging IPC’s Connexus Financial Extranet Service so that clients can connect to member brokers and market data as well as capital market participants across every trading destination in the world. It has also leveraged IPC’s cable path from Tokyo, enabling clients to connect to Koscom’s Busan facility and derivatives engine without going through Seoul.
Via IPC’s Direct Connect technology, foreign firms using Koscom’s Busan facility will be provided with rapid access to buy-side firms, liquidity venues, market data providers and other global financial market participants.
MillenniumIT: The IT solutions provider and part of London Stock Exchange Group (LSEG), announced it has signed a contract to provide the London Metal Exchange (LME) with surveillance software.
This agreement will enable LME, which currently also uses MillenniumIT’s trading platform, Millennium Exchange, as one of its two trading platforms for its derivatives market, to upgrade its surveillance application to MillenniumIT’s real time, multi asset class surveillance platform. The implementation of Millennium Surveillance will also allow for the integration of LME’s current reference data management system, streamlining operations and giving LME greater efficiencies.
Tony Weeresinghe, CEO of MillenniumIT and Director of Global Development at LSEG said:
“We are very happy that the London Metal Exchange has chosen Millennium S-urveillance as its new surveillance platform. We are confident that this will enable LME to accurately monitor its markets, providing real time detection of abnormal trading patterns.”
