12/09/2008
Austin TX – December 8, 2008 – FSMLabs®, the enterprise real-time and timekeeping technology innovator, today announced the launch of Timekeeper, a new product for financial services and other business-critical enterprise applications.
FSM Labs Introduces Production Timekeeping for
Financial Services Data Centers
Helps IT Managers Meet Regulatory Requirements and
Stay Competitive Ahead of Flood of Transactions Traffic
Austin TX – December 8, 2008 – FSM Labs, the premier provider of enterprise real-time and timekeeping technology for Linux systems, today announced the launch of Production Timekeeping, a new product for financial services and other business-critical enterprise applications. FSM Labs Production Timekeeping helps IT managers in financial services and other regulated industries deploy critical enterprise applications across clusters, data centers and over wide-area networks, while meeting requirements for accurate time-stamping and data logging for increasing volumes of trades and other transactions.
Enterprise IT managers face multiple converging and difficult to meet requirements: the need to process surging network traffic in capital markets; competitive pressure to reduce trading latency and transaction times to sub-millisecond levels; and ever more stringent transaction logging and tracking requirements from regulatory bodies. In volatile markets, surges in data traffic can overwhelm trading systems capacity, and seriously impact financial applications and recording the data they handle. For example, on the NYSE alone, trading volumes are increasing 20% annually, peaking last quarter at over 110,000 trades/second. Failure to meet these challenges not only makes financial institutions less competitive, it can create losses and liability to clients and put those institutions in the crosshairs of industry and government regulators.
Meeting the Needs of Distributed, Global Markets
FSM Labs divulged that Production Timekeeping has already been deployed by one international hedge fund, and that the company is finding strong interest from a range of data center teams at stock exchanges, fund managers, trading companies and other financial services institutions. “Off-the-shelf Linux and other data center OSes and middleware cannot support the precision timekeeping needed by financial services on single system nodes, let alone for data centers distributed across far-reaching networks,” noted Victor Yodaiken, FSM Labs president and founder. “Time is money – to meet the needs of this dynamic global marketplace, we have introduced Production Timekeeping.”
FSM Labs Production Timekeeping
System time synchronization for accurate, unified transaction logging is too easily taken for granted by both IT teams and applications developers. Transactions once processed on a single server now span clusters of servers and computing clouds extending across continents. FSM Labs Production Timekeeping replaces OS-generated time (based on NTP) with precision distributed timekeeping, locked to accurate reference sources. Rather than “throwing out” industry-standard NTP servers, daemons and client APIs, FSM Labs Production Timekeeping technology addresses NTP shortcomings in-place. Production Timekeeping is completely transparent to existing applications, utilities and time-keeping APIs.
FSM Labs Production Timekeeping supplies systems and applications with a more accurate and higher-resolution time base – accurate to 30 microseconds! Production Timekeeping delivers on the promise of precise time-keeping by
Working at the OS kernel level on both time servers and clients for a system-wide time base
Supporting local precision time sources (GPS PPS inputs, radio clocks, etc.)
Synchronizing time servers and clients at a higher frequency than stock NTP, without additional load or performance impact
Delivering deterministic and accurate timekeeping across local and far-flung networks
Availability
FSM Labs supplies Production Timekeeping as a pre-packaged Production Time Server appliance (blade or stand-alone system), and licenses and installation for Production Timekeeping clients. Production Timekeeping is available immediately for most commercial and many in-house Linux platforms, with easy client installation and set up. Contact FSM Labs for licensing terms and pricing information.
About FSM Labs
FSMLabs provides high-performance software solutions and technologies to enterprise IT and industrial computing for business-critical mission-critical applications.
Founded in 1996, FSMLabs is based in Austin, Texas, with sales, marketing and engineering staff worldwide. In 2007, Wind River Systems acquired FSM embedded software business unit, providing FSM Labs management with new resources to focus exclusively on mission-critical solutions and technologies for enterprise IT.
To learn more about Production Timekeeping and other FSM Labs products, visit http://www.fsmlabs.com, email .(JavaScript must be enabled to view this email address) or call +1 718.705.4991.