Chapter 1: Introduction
must record time in hours, minutes and seconds with to-the-second granularity and
must be synchronized to a source that is synchronized to within three seconds of
the National Institute of Standards and Technology (NIST) atomic clock. Clocks
must be synchronized once a day prior to the opening of the market, and remain in
synch throughout the day. In addition, firms are to maintain a copy of their clock
synchronization procedures on-site. Clocks not used to record the date and time of
market events need not be synchronized.
DHCP (Dynamic Host Configuration Protocol) compatibility for IP address
management and other parameters (Subnet Mask and Gateway) from the DHCP
server, which ensures each IP address, is unique.
Optional PoE (Power over Ethernet) accessory, which includes Full Power
Reserve (FPR option).
Automatic time synchronization to an official time source.
Event notification through Simple Network Management Protocol (SNMP) traps.
This feature enables network administrators to centrally manage time clock
performance, find problems and solve them in a timely manner.
NTP (Network Time Protocol) syncs clocks to a time reference over a data
network.
Direct synchronization to the time source rather than to a computer.
Log-in security for two (2) separate users.
Synchronization transaction data maintained per FINRA Rule 7430 requirements.
Full OATS compliance with stand-alone units not linked to a PC.
Complete solution without the need for individual trader computers.
Report for transaction log (time sync).
Maximum Sync of once every 2 hours for improved accuracy with up to 12 time
validations a day per schedule. The clock can store 5 years of data utilizing one
normal sync schedule of 2 syncs per day for OATS compliance.
Compatible with IE, Safari, and Firefox Web browsers.
Employs Windows Services to perform synchronization.
E-mail notification of clock failure to synchronize the time, configurable to send
e-mail notification to chosen recipients.