text: cto.certichron.com – Press Release: NIST UTC as a specialty network service. Instant OATS compliance for Securities Firms
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  Press Release: NIST UTC as a specialty network service. Instant OATS compliance for Securities Firms
  Published on August 6, 2011,	by admin in Facility News, New Jersey, NYC, Press Release, Weehawken NJ.	The cost of OATS 7430 compliance just went down (and so did the risk!)
  Traditional OATS compliance models are labor heavy meaning they have a high human capital cost. Periodic security and process validity reviews increase the cost of compliance but most of these 7430 overheads are built in maintaining a cross-competency model in tracking the UTC Timescale from another timescale like the GPS one which is actually UTC(USNO) and not UTC(NIST) at all.
  Certichron's process simplifies this tremendously by using the actual NIST UTC service from a local instance, elimating all of the loss on the long-lines process and using the actual legally mandated timesource directly.
  Instant OATS 7430 compliance using CertifiedTime and OTVS! That's right – you can buy access to NIST UTC Timesetting and Time Tracking Services right there in the NYC Financial Corridor!
  Certichron's CertifiedTime service and its extreme OTVS Service are perfect resources for implementing compliance policy and practice for OATS 7430 and its NIST UTC tracking requirement. CertifiedTime is a NIST UTC solution!
  Certichron's vision is "Why settle with an imitation of the NIST UTC master source, you can use a clone of it and meet all legal requirements therein"… Certichron's CertifiedTime service model provides for a NIST UTC Timesetting and a 1:1 recordation peering against another identical server run as a Stratum-2 Peer on the local switch with the actual NIST Servers themselves. This unique service model creates a flat-testimony service wherein the peer's tracking of the external client is perfect-testimony when amplified and legitimized through host and pathway integrity reports designed to address the testimony needed to substantiate the time-attestation as well as its chain-of-custody records. What is provided is continuous time-management compliance using the actual US Time Standard as the source. Flowing the US NIST UTC time data around the external of the Exchange or Pool!
  What a great idea! Wrap the financial institution in NIST UTC… The potential compliance models could not possible be met in a better manner. Functionally it allows Dark Pool and Exchange Operators or Market Makers to flow the official US Timebase around their perimeters makining their I/O functions all OATS 7430 compliant and for their Hedge Operations and Market Makers or Pool Members to get their own highly precise time service as a trust anchor for their opertions. For Hedge and HFT operations its a winner!
  Cross connections into the Service Bureau are available through Savvis or we can arrange them through Hudson Fiber's or Spread Networks backbone and can easily meet any cross connect requirement. Private access to the US Timebase is reduced to an Extranet type interconnect making it seamlessly available to all existing and most all new systems just like any Proximity Hosting service would be. The service makes it possible for a Hedge Fund operator or an Exchange provider to track time at both ends of the channel through their infrastructure. This is the only way to shave those extra microseconds off the trading latency in mitigating actual trade performance.
  For Fund IT Managers this allows them to hold their networking partners accountable and for the partners it allows them to finally be protected from their clients internal mistakes relative to SLA damage and performance complaint resolution. Engineered Transparency!
  In today's world where provable transparency is a must, Certichron's third-party NIST UTC service installs a level of civility into transaction logging as well which has been missing for the last decade. The mechanics of CertifiedTime and its evidence models honor both digital process and human law and are as such a key asset to any compliance practice. For more Info
  For more information contact Certichron Sales at (888)-303-2674 and tell us about your application and how many sites you need to calibrate and track compliance from.
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