The 5 primary MiFID II clock synchronisation requirements 

To help simplify the process of becoming MiFID II compliant, we have identified the 5 primary time synchronisation requirements of MiFID II compliance:

  1. The synchronisation of clocks to Coordinated Universal Time (UTC) using a traceable source like GPS

  2. Ensuring maximum clock divergence doesn’t exceed 100 microsecond / 1 millisecond

  3. Provision of timestamps with a granularity of 1 microsecond / 1 millisecond

  4. The ability to prove the accuracy of clock offset

  5. Ability to demonstrate where the timestamp is applied and that it remains consistent.

The solution for delivering your MiFID II time synchronisation compliance

Spectracom VelaSync from Phoenix Datacom delivers all 5 of the primary time sync requirements. Key solutions highlights include:

  • High speed, high performance – specifically designed for high frequency trading

  • Standard with 2x 10G ports, 3x 1G ports – all capable of PTP and NTP simultaneously

  • Available with additional 2x 10G, 2x 25G ports, or 2x 40G ports as an option

  • Standard high performance oven controlled crystal oscillator (OCXO) with Rubidium as option

  • Dual hot swappable power, 500G drives in RAID config

  • Advanced monitoring and logging capabilities

  • MiFID II Auditing/Reporting Tool available.

More information

You can learn more about the VelaSync NTP Server and PTP Grandmaster Clock here.

VelaSync-MiFID-II-Compliance

From antenna to reporting, we can help you achieve MiFID II compliance. Please contact us to discuss your requirements.

You probably now know what MiFID II is all about, but if not, The FCA web site provides a wealth of information here.

Demonstrating where the timestamp is applied and that it remains consistent

MiFID-II-Clock-Offset-

Proving the accuracy of clock offset

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