Quincy Data's PTX Recognized as Top Time Stamping Solution by TradingTech Insight
Quincy Data, an esteemed leader in high-performance financial market data distribution, has recently achieved notable recognition at the TradingTech Insight USA Awards. The company was honored with the award for Best Time Stamping Measurement System due to its innovative Precision Time Exchange (PTX) service. This service provides unmatched resilience and precision in time synchronization, operating at sub-nanosecond levels across major trading venues in North America, while being fully traceable to Universal Time Coordinated (UTC) standards as set by the National Institute of Standards and Technology (NIST).
The modern trading landscape is marked by increasing demands for accuracy in time-sensitive transactions, which presents significant challenges. Traditional infrastructure, such as localized GPS systems, has become vulnerable to interference and signal degradation. By providing a reliable alternative, the PTX service aims to empower market participants, including exchanges, alternative trading systems (ATS), market makers, and data providers, with a dependable external time source. This increasingly resonates with firms that require the utmost accuracy in timestamping as part of their compliance and operational efficiency.
Mike Schonberg, the Director of Market Data Technology at Quincy Data, commented on the difficulties involved in achieving precise timestamping across diverse trading venues. He stated, "Timestamping that is reliable, picosecond-precise, and accurately available across multiple venues is an exceptionally hard technical challenge. PTX solves it. It is a uniquely resilient service that can replace the in-house time transfer systems financial firms are currently forced to build, maintain, and improve themselves."
As the landscape shifts towards increased unpredictability concerning localized GPS systems, institutions that rely heavily on precision timing continue to express need and seek solutions that offer reliability and resilience. PTX has been tailored to serve every major trading campus in the United States, effectively mitigating the burden on firms to develop and manage their own intricate timing systems. For those firms prioritizing reliability in their operations, the PTX service presents an attractive solution.
Quincy Data’s commitment to providing services that promote fairness in the market is evident. The firm aims to deliver real-time market information that is not only precise but also equitable to all clients, enabling them to operate effectively in a fast-evolving environment. By reaching out to Quincy Data, firms can explore how the PTX service stands to meet their timing aspirations and secure their competitive edge in high-stakes trading scenarios.
With its revolutionary approach to time stamping and a commitment to excellence in financial data distribution, Quincy Data is well-positioned to continue leading the industry and adapting to the growing needs and complexities of the market. To learn more about how Quincy Data can assist with your organization’s unique timing requirements through its PTX service, interested firms can contact the company directly.
The modern trading landscape is marked by increasing demands for accuracy in time-sensitive transactions, which presents significant challenges. Traditional infrastructure, such as localized GPS systems, has become vulnerable to interference and signal degradation. By providing a reliable alternative, the PTX service aims to empower market participants, including exchanges, alternative trading systems (ATS), market makers, and data providers, with a dependable external time source. This increasingly resonates with firms that require the utmost accuracy in timestamping as part of their compliance and operational efficiency.
Mike Schonberg, the Director of Market Data Technology at Quincy Data, commented on the difficulties involved in achieving precise timestamping across diverse trading venues. He stated, "Timestamping that is reliable, picosecond-precise, and accurately available across multiple venues is an exceptionally hard technical challenge. PTX solves it. It is a uniquely resilient service that can replace the in-house time transfer systems financial firms are currently forced to build, maintain, and improve themselves."
As the landscape shifts towards increased unpredictability concerning localized GPS systems, institutions that rely heavily on precision timing continue to express need and seek solutions that offer reliability and resilience. PTX has been tailored to serve every major trading campus in the United States, effectively mitigating the burden on firms to develop and manage their own intricate timing systems. For those firms prioritizing reliability in their operations, the PTX service presents an attractive solution.
Quincy Data’s commitment to providing services that promote fairness in the market is evident. The firm aims to deliver real-time market information that is not only precise but also equitable to all clients, enabling them to operate effectively in a fast-evolving environment. By reaching out to Quincy Data, firms can explore how the PTX service stands to meet their timing aspirations and secure their competitive edge in high-stakes trading scenarios.
With its revolutionary approach to time stamping and a commitment to excellence in financial data distribution, Quincy Data is well-positioned to continue leading the industry and adapting to the growing needs and complexities of the market. To learn more about how Quincy Data can assist with your organization’s unique timing requirements through its PTX service, interested firms can contact the company directly.
Topics Financial Services & Investing）
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