Optimizing Compliance, Power Efficiency in Financial 659乐彩网 Networks
Network Time Solutions for Financial Regulatory Compliance
Accurate and precise time stamping is required for compliance with financial regulatory mandates such as the Sarbanes-Oxley Act of 2002 (SOX), the FTC’s Gramm-Leach-Bliley Act (GLBA), FINRA’s Order Audit Trail System (OATS) and the Payment Card Industry Data Security Standard (PCI-DSS). In fact, the 2015 European Securities and Markets Authority MiFID II regulations on clock accuracy and granularity in stock trading requires select trading venues to improve order time stamp accuracy to 100 microseconds to UTC with a granularity of 1 microsecond. Microsecond-level time stamp accuracy will be the norm.
New Time Stamping Benchmark: What is MiFID II?
In Europe, Article 50 of the EU’s MiFID II required that “ESMA shall develop draft regulatory technical standards to specify the level of accuracy” of business clocks. ESMA met that goal on July 6, 2016 when it published its Regulatory Technical and Implementing Standards—Annex I. Within that document (RTS 25), ESMA regulated a technical standard on clock synchronization, mandating Coordinated Universal Time (UTC) as the official time reference for trading systems.
However, this regulation affects more than just European financial markets. Why the MiFID II directive matters globally is that any investment firms transacting with European-based financial institutions must also comply with the new clock synchronization requirements, which will be a challenge for some market participants.
Clock Synchronization for Financial Markets
Tailored to banks, hedge funds, trading firms and stock exchanges involved in high-speed, low-latency trading, Microsemi provides an ultra-precise end-to-end IP timing synchronization solution at the application layer that far exceeds sub-100 microsecond level accuracy to UTC with 1 microsecond granularity. Microsemi SyncServer® Network Time Servers and bus card products improve time stamp accuracy on archived data, making it possible to optimize algorithms to a higher level of synchronization to improve trading risk management and performance monitoring.
Increasing Security & Accessibility
Security and accessibility will always be top priorities of any financial institution. Microsemi's PoE midspans can improve security through device scheduling -- automatically powering down Ethernet devices during periods of non-use preventing possible unauthorized access. Further, connecting critical powered devices to a midspan operating on the PowerView Pro power management platform allows remote reboot for increased reliability -- increasing the effectiveness and efficiency of financial institutions.
Systems for Financial 659乐彩网 Applications
Microsemi pioneered Power over Ethernet, having shipped PoE systems and ICs for nearly two decades. Microsemi network time solutions also set the world's standard for time. Our timing and synchronization solutions to generate, distribute and apply highly accurate and precise time are used worldwide in multiple industries. With Microsemi's advanced technologies for energy efficiency and time accuracy, we can help you build more reliable and secure networks and systems for your financial network infrastructure.
Contact your local Microsemi sales office today to find the right technologies and systems for your financial services network infrastructure needs.
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