Chronos Technology, the UK's leader in time and timing for fixed and mobile telecoms, has launched its “Beyond Latency” time system accurate to the low nanoseconds for high speed and high volume trading applications and services.
Traceable Time Accurate to Nanoseconds Enables High Speed Precision in Bank Trading
Lydbrook, Gloucestershire, UK, 30 March 2011, Chronos Technology, the UK's leader in time and timing for fixed and mobile telecoms, has launched its “Beyond Latency” time system accurate to the low nanoseconds for high speed and high volume trading applications and services.
Technical Manager Chris Farrow appeared on a panel on 23 March at the ‘Second Annual Ultra Low Latency: Trading Opportunities and Developments in FX & Other Asset Classes’ event (http://www.themankoffcompany.com/FXLondonHFT/) at London’s Grange Holborn Hotel. In a discussion addressing likely “hot” technological applications, Chris outlined Chronos’ ability to move time through networks with ultra-accuracy in a scalable way, and to then make that time available to all applications requiring it natively within Linux.
“We believe we are in a unique position to bring expertise from the telecoms industry’s move to Carrier Ethernet from legacy TDM transport, and deliver true traceable nanosecond accurate time stamping capabilities to all applications in a really non-invasive way” said Chris. “As well as letting the industry know what we are doing, the event allowed me to better understand what the industry needs from time and timing. It’s clear there are more areas than High Frequency Trading that need this accurate time, and I believe we are well placed to deliver the right solution for most circumstances”.
Chronos’ Managing Director, Charles Curry attended the event and was pleasantly surprised by the awareness from both the panel and the floor of the need for accurate time stamping. “Coming to a new market like this, even with the almost twenty-five years of experience we have in timing, was a bit of a leap in the dark” Charles said. “There were more engineers and technologists at the event than I expected, and we therefore had no problem in getting our case over. It’s not surprising that we will meet some scepticism about the levels of accuracy we can deliver; many people are still dabbling with software based timing solutions and are not surprisingly disappointed with the results they’ve seen. We are bringing carrier class telecoms infrastructure into this area and, working with Korusys, have already demonstrated our solution is extremely resilient and does deliver what we promise”.
Chronos have launched their “Beyond Latency” web pages at http://www.chronos.co.uk/financial/index.php, and are currently working to establish a permanent technology demonstration setup that can be used either at Chronos’ excellent facility in the Forest of Dean, or at customer based lab locations throughout the UK.
About Chronos Technology
Established in 1986, Chronos is an ISO 9001:2008 approved specialist provider and system integrator of technical solutions for synchronisation, time of day and remote monitoring applications in telecom networks. Chronos also supplies RF and GNSS components and accessories for GPS, Galileo & GLONASS applications used in location, positioning, navigation and communications industries and for military applications. http://www.chronos.co.uk/financial/index.php
About Korusys Ltd
Korusys are leading experts in packet based synchronisation techniques providing both consultancy services and synchronisation products to various market segments. Korusys is also a trusted provider of Electronic Design Services. Focused primarily on FPGA, ASIC, and Embedded Software design and development, Korusys has earned a reputation for high quality, right first time development with a wide variety of clients. For further information about Korusys' products or services please visit http://www.korusys.com
For more information please contact:
Chronos Technology Limited
Tel: +44 (0)1594 862200