Innovative clock synchronization and time stamping service to enable secure, reliable, auditable and compliant trading
ESSEN, GERMANY – February 7, 2017 – IPC, a leading global provider of secure, compliant communications and networking solutions for the financial markets community, today announced the launch of Connexus Chrono, a turnkey clock synchronization and time stamping service engineered to deliver high precision, synchronized and traceable time feeds to global financial market participants. The announcement was made here at the E-world Energy & Water Conference.
IPC delivers the Connexus Chrono solution from 10 state-of-the-art facilities in the European Union, North America and leading financial centers in the Asia-Pacific region such as Australia, Hong Kong, Japan and Singapore. Accurate, reliable and auditable time feeds are established using atomic clocks and are synchronized to UTC to ensure the same time is available from all Connexus Chrono clocks globally. Connexus Chrono can be delivered at a variety of different levels of accuracy ranging from 1 microsecond to 250 microseconds. The Connexus Chrono offering continues as part of a broader strategic plan from IPC to offer an innovative and comprehensive suite of products and services related to compliant communications.
“Clock synchronization and time stamping play a critical role in investor protection and the creation of fair, safe, efficient and transparent markets,” said Anthony J. Perrotta Jr., Chief Executive Officer, TABB Group, an international research and consulting firm focused exclusively on the capital markets. “Market participants leveraging industry-leading solutions will achieve significant business benefits in addition to being able to easily comply with global regulatory requirements while enabling authorities to better monitor markets and trading activity.”
“Time accuracy and synchronization are at the heart of regulatory compliance with MiFID II RTS-25 and FINRA Rule 4590 placing strict requirements on the granularity of timestamps and the maximum divergences of the clock they are read from depending on the trading strategy,” said Robert Powell, Director of Compliance, IPC. “Connexus Chrono has been performance engineered to ensure that market participants are not only in compliance with global regulations around clock-synchronization of trade data but also benefit from enhanced performance visibility, risk mitigation, digital forensics and accurate financial reporting.”
The IPC Financial Markets Network portfolio includes Connexus Extranet, Connexus Ethernet, Connexus WAN, Connexus Voice and Trader Voice services. IPC’s Financial Markets Network interconnects global financial centers and allows access to more than 6,000 market participant locations across 700 cities in more than 60 countries.
IPC is a technology and service leader that powers financial markets globally. We help clients anticipate change and solve problems, setting the standard with industry expertise, exceptional service and comprehensive technology. With customers first and always, we collaborate with each to understand their individual needs to help make them secure, productive and compliant within our connected community. Through service excellence, long-developed expertise and a focus on innovation and community, we provide agile and efficient ways for our customers to accelerate their ability to adapt to the ever–changing requirements for advanced networks, compliance and collaboration with all counterparties across the financial markets. www.ipc.com
Certain statements contained in this press release may be forward-looking statements. These statements may be identified by the use of forward-looking terminology such as "anticipate," "believe," "continue," "could," "estimate," "expect," "intend," "may," "might," "plan," "potential," "predict," "should" or "will" or similar terminology. Any forward-looking statements are based on current expectations, assumptions, estimates and projections. Such forward looking statements involve known and unknown risks and uncertainties, many of which are beyond our control. Actual results may differ materially from any future results expressed or implied by these forward-looking statements.