MiFID II Clock Synchronization Compliance

MiFID II Clock Synchronization Compliance

The 5 primary MiFID II clock synchronization requirements 

To help simplify the process of becoming MiFID II compliant, we have identified the 5 primary time synchronization requirements of MiFID II compliance:

  1. The synchronization of clocks to Coordinated Universal Time (UTC) using a traceable source like GPS
  2. Ensuring maximum clock divergence doesn’t exceed 100 microsecond / 1 millisecond
  3. Provision of timestamps with a granularity of 1 microsecond / 1 millisecond
  4. The ability to prove the accuracy of clock offset
  5. Ability to demonstrate where the timestamp is applied and that it remains consistent.

 

The solution for delivering your MiFID II time synchronization compliance

The Spectracom VelaSync delivers all 5 of the primary time sync requirements. The key solutions highlights include:

  • High speed, high performance – specifically designed for high frequency trading
  • Standard with 2x 10G ports, 3x 1G ports – all capable of PTP and NTP simultaneously
  • Available with additional 2x 10G, 2x 25G ports, or 2x 40G ports as an option
  • Standard high performance oven controlled crystal oscillator (OCXO) with Rubidium as option
  • Dual hot swappable power, 500G drives in RAID config
  • Advanced monitoring and logging capabilities
  • MiFID II Auditing/Reporting Tool available.

 

More information

You can learn more about the VelaSync NTP Server and PTP Grandmaster Clock here.

VelaSync-MiFID-II-Compliance

Demonstrating where the timestamp is applied and that it remains consistent

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Proving the accuracy of clock offset

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