FSMLabs announces TimeKeeper™

First Published 12th April 2010

FSMLabs introduces new software product for financial services and other critical applications

Bob Giffords, the independent UK based banking and technology analyst: "Successful low-latency operations demand an ability to synchronize clocks across server clusters in proximity trading hubs. FSMLabs TimeKeeper appears to have significantly raised the bar."

FSMLabs, the provider of enterprise real-time and timekeeping technology, has announced the availability of TimeKeeper™, a software product for financial services and other critical applications. FSMLabs TimeKeeper aims to help capital markets and other regulated industries deploy critical applications across clusters, among data centers and over wide-area networks, while meeting requirements for accurate time-stamping and data logging for high-frequency and low-latency trading, market data streams and other transactions.

"High-speed, fragmented markets and cross-asset trading have together focused the spotlight on latency," says Bob Giffords, an independent banking and technology analyst based in the UK. "Successful low-latency operations demand an ability to synchronize clocks across server clusters in proximity trading hubs. FSMLabs TimeKeeper appears to have significantly raised the bar, increasing confidence in cross-server software metrics in the low microsecond range. Anyone who is serious about high frequency trading should take note."

"Traders, fund managers, bankers and the IT departments that support them often don't realize the extent of timekeeping inaccuracies in their computer systems and networks," notes Victor Yodaiken, FSMLabs president and CEO. "With accumulated timekeeping errors that can stretch from milliseconds to seconds and beyond, the integrity of latency measurements, transaction reporting and auditing logs are compromised."

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