Stock market traders are pushing the state-of-the-art in network time synchronization.

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Traceability to UTC

This paper will show that the NTP and PTP timestamps from EndRun Technologies Network Time Servers are traceable through the National Institute of Standards and Technologies (NIST), and the United States Naval Observatory (USNO) to Coordinated Universal Time (UTC) maintained by the International Bureau of Weights and Measures (BIPM). 

UTC Time Transfer for High-Frequency Trading - PTTI Meeting 2010

Today, High Frequency Trading (HFT) requires low latency and knowledge of UTC time in capital markets where a difference of better than one millisecond provides a competitive advantage to trading firms.  Better than 10-microsecond accuracy to UTC can be achieved using Code Division Multiple Access (CDMA) and IEEE-1588 Precision Time Protocol (PTP) without routing an external antenna. Presented at the 42nd Annual Precise Time and Time Interval Systems and Applications (PTTI) in November 2010.

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