Banks and Financial Institutions use DATA CENTRE clusters operating in synchronized time domain requiring micro-seconds. Bank IT infrastructure requires robust automatic overnight backup systems. Electronic payment systems and credit card operations are requiring both: security and transaction registry (DB). Timestamping is used for long-term preservation of signatures and data sealing.
Accuracy requirements is only ten part of second but there is strong requirement for trusted time reference. Cryptographic timestamping RFC3161 proves financial transaction non-repudiation. Timestamping deployment at bank reuires eIDAS and MiFIR compliance.
Stock Exchange. The HFT (High Ferency Trading) matching engines based on sequence need to understand order of trade execution. Network LOW LATENCY and SYSTEM CO-LOCATION must ensure minimum 10mln-tradings/s. ESMA MiFID II directive requires a time resolution of single microsecond and synchronization accuracy to better than 100 µs. Today, NY Wall Street & London Stock Exchange keep accuracy of synchronization of High Frequency Trading at level of single nanosecond.
MiFID II compliant
robust synchronization for MiFID II,