Endace joins STAC Benchmark Council to help automated trading meet the requirements of MiFID-II
AUCKLAND, New Zealand — May 24, 2016 — Endace, a global leader in high-speed network monitoring and recording technology, announced today that it has joined the STAC Benchmark Council.
“Following our recent spin-off, we are pleased to be renewing our longstanding support for STAC, and the automated trading community,” said Endace CEO, Stuart Wilson. “We’ve had a long relationship with STAC, which has used our technology for many years in its test labs to measure the performance of solutions for automated trading. We are keen to work with the community again and bring our expertise in highly accurate timestamping, lossless network recording, packet capture accuracy and replay to bear on setting and measuring performance standards for the financial industry.”
The STAC Benchmark Council is a community of financial institutions and vendors that collaborate to develop technology benchmark standards for the financial industry. Industry members include the world’s largest banks, brokerage houses, exchanges, hedge funds, proprietary trading shops; and vendors serving the financial industry.
Endace is also a platinum sponsor of the STAC Summits in London, Chicago and New York, where Wilson and Endace’s CTO, Dr. Stephen Donnelly, are sharing the results of a field study comparing the accuracy of GPS and PTP timing in a live HFT environment – allowing automated traders to make sound decisions in the face of looming MiFID-II requirements.
Dr. Donnelly’s field testing demonstrated that PTP accuracy in a WAN environment is highly dependent on the environment it is being deployed in, and is sensitive to factors such as physical path changes or congestion queueing.
The conclusion from Dr. Donnelly’s testing is that GPS should still be preferred as the gold standard for accurate synchronization. In environments where GPS time sources are not feasible, PTP may provide a possible solution in depending on the accuracy required, but 1) its accuracy is very dependent on the architecture and components of the network on which it is deployed, and 2) ensuring accuracy in a WAN environment is much more difficult to do.
Latest News & Announcements
-
21 April 2025
Endace Integrates with Microsoft Sentinel for Deep Network Visibility
EndaceProbe and Microsoft Sentinel combine AI-powered intelligent SIEM with always-on packet capture, and deep network visibility for accelerated incident response in hybrid cloud environments
-
20 March 2025
Endace Wins Five 2025 Globee Awards for Cybersecurity
Endace wins awards for Influencer Marketing, Cloud Computing Innovation, National Cybersecurity Defense, Hybrid Cloud Security and Critical Infrastructure Security
-
7 March 2025
Endace Wins Eight 2025 Cybersecurity Excellence Awards
Endace wins two Gold industry awards and six Gold product awards in the 2025 Cybersecurity Excellence Awards
-
12 December 2024
Endace Announces 100 Gbps, Zero-Loss, Packet Capture Platform
Deep network visibility in an ultra-reliable, stackable, compact 1RU form-factor.
-
2 December 2024
U.S. Department of Defense Certifies EndaceProbes
EndaceProbes Added to DoDIN Approved Products List