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."