Symmetricom Expands End-to-End HFT Timing Portfolio with High-Performance Gigabit Ethernet Synchronization TimeProvider® 5000 Grandmaster Clock demonstrates interoperability testing with a wide variety of Linux and Windows PTP clients
SAN JOSE, Calif., Sept. 10, 2012 /PRNewswire/ -- Symmetricom®, Inc. (NASDAQ: SYMM), a worldwide leader in precision time and frequency technologies, announced today the expansion of its high frequency trading (HFT) solutions to include the TimeProvider 5000®, the highly-accurate IEEE 1588 Grandmaster Clock, now optimized for HFT networks. Equipped with dual gigabit Ethernet (GigE) ports reinforced with a duplicate port module, the TimeProvider 5000 enables high-performance GigE synchronization allowing for IEEE 1588 Precision Timing Protocol (PTP) synchronization performance that meets the port speed requirements for HFT networks, and enables reliable and accurate time stamping of trade transactions.
The TimeProvider 5000 has successfully completed interoperability testing with a wide variety of PTP clients running on Windows or Linux such as the SyncPoint® PCIe-1000 PTP Clock Card and PTPd to deliver a complete solution to support HFT applications.
The HFT market has enjoyed high growth since the mid-2000s and accounts for 70 percent of market trading volume according to market research firm IBISWorld. IBISWorld estimated that the market will grow 6.2 percent to reach $28.1 billion in revenue this year. These booming high-speed, low-latency trading networks rely on precise and accurate time stamps for various trading applications and processes throughout the communications and IT network. The TimeProvider 5000 ensures the HFT network elements and servers are precisely synchronized.
An industry-leading timing source well-known in the service provider market, the TimeProvider 5000, is the first precise timing solution offering GigE ports — enriching Symmetricom's end-to-end time synchronization solutions for the HFT market. Additional benefits of the grandmaster include:
- High Reliability: A redundant, modular design ensures continued operations.
- High Availability: The solution includes a highly stable oven controlled crystal oscillator (OCXO) to holdover the accuracy during short periods if the primary GPS signal is lost. It also offers an option for a rubidium oscillator that can maintain accuracy for much longer periods.
- High Capacity: The TimeProvider 5000 has the processing power to handle the industry's higher-rate transactions per second (20,000) and support a greater number of clients than enterprise class products (up to 1,000 clients).
"With the gigabit Ethernet port offering, the TimeProvider 5000 fills a need in the financial services industry and delivers higher reliability than any other product in the marketplace," said Manish Gupta, vice president marketing at Symmetricom. "Symmetricom delivers the most accurate solutions designed for competitive high-speed, low-latency trading firms."
Symmetricom provides comprehensive, end-to-end time synchronization solutions that include the TimeProvider 5000 Grandmaster, SyncServer® S350 + PTP Network Time Server, SyncPoint™ PCIe-1000 PTP Clock Card and TimeKeeper® Software for Linux that help financial services companies maintain and gain competitive advantage. The TimeProvider coupled with SyncPoint PCIe-1000 PTP Clock Card ensures scalability and the availability of precise nanosecond timing for required trading applications. For more information about Symmetricom's HFT solutions, please visit: http://www.symmetricom.com/industry-solutions/high-frequency-trading/.
About Symmetricom, Inc.
Symmetricom (NASDAQ: SYMM), a world leader in precise time solutions, sets the world's standard for time. The company generates, distributes and applies precise time for the communications, aerospace/defense, IT infrastructure and metrology industries. Symmetricom's customers, from communications service providers and network equipment manufacturers to governments and their suppliers worldwide, are able to build more reliable networks and systems by using the company's advanced timing technologies, atomic clocks, services and solutions. All products support today's precise timing standards, including GPS-based timing, IEEE 1588 (PTP), Network Time Protocol (NTP), Synchronous Ethernet and DOCSIS® timing. Symmetricom is based in San Jose, Calif., with offices worldwide. For more information, visit: http://www.symmetricom.com or join the dialogue at http://www.twitter.com/symmetricom.
GolinHarris for Symmetricom
SOURCE Symmetricom, Inc.