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Leaping seconds and looping servers

Leaping seconds and looping servers

Posted Jul 4, 2012 17:56 UTC (Wed) by jwakely (subscriber, #60262)
In reply to: Leaping seconds and looping servers by paulj
Parent article: Leaping seconds and looping servers

You only need an ordering at the matching engine. But most participants in the markets are not running matching engines. For measuring the age of quotes and your network latency and your software latency and the latency of messages from the exchange and the latency of messages from other sources and numerous other measurements you want accurate (definitely sub-0.1s!) timestamps, that agree across multiple organisations.


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