Accession Number:

ADA639424

Title:

UTC Time Transfer for High Frequency Trading Using IS-95 CDMA Base Station Transmissions and IEEE-1588 Precision Time Protocol

Descriptive Note:

Conference paper

Corporate Author:

ENDRUN TECHNOLOGIES SANTA ROSA CA

Personal Author(s):

Report Date:

2010-11-01

Pagination or Media Count:

11.0

Abstract:

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. HFTs co-locate high speed computer systems in rented space next to the market centers to reduce latency of raw data, giving them advanced knowledge of the market orders. Better than 10-microsecond accuracy to UTC can be achieved using Code Division Multiple Access CDMA, in compliance with Telecommunications Industry Association TIAEIA Standard IS-95 and IEEE-1588 Precision Time Protocol PTP without routing an external antenna. This paper will present a method to provide UTC time using CDMA and PTP to these trading firms, why microsecond accuracy is required, and the performance of UTC time transfer as compared to GPS-derived UTC time.

Subject Categories:

  • Economics and Cost Analysis
  • Computer Systems
  • Test Facilities, Equipment and Methods

Distribution Statement:

APPROVED FOR PUBLIC RELEASE