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Spectracom, an Orolia brand, has released PRISMA™ Compliance, the first time-sync reporting solution developed specifically for MIFID II and FINRA compliance that was built from the ground up using a high-performance database from the Paris-based company Quasardb. The drop-in software is the only compliance reporting solution that provides true UTC traceability with real-time reporting, NTP/PTP compatibility and multisite replication for resilience.
“Spectracom partnered with quasarDB because we needed a solution that was capable both of handling the huge quantity of data generated by all of the timing elements in large networks, and would provide fast reporting of that data.” said Jeremy Onyan, Spectracom’s director for time sensitive networks. “With quasarDB behind it, PRISMA™ Compliance users can easily produce the reports necessary to satisfy the RTS25 requirement of MIFID in real time – in seconds, not hours.”
Onyan said that, unlike other compliance software, PRISMA™ Compliance collects and aggregates all the relevant information in the timing chain to deliver true offset to UTC, “not just from master to client.”
“This capability is key, because both MIFID and FINRA regulations require full traceability to UTC,” Onyan said.
PRISMA™ Compliance is fully compatible with all common versions of NTP and PTP, making it easy to use in both older legacy NTP networks or new, low latency PTP deployments.
