About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

BSO and Hoptroff Develop Time-as-a-Service Solution to Support Regulatory Compliance

Subscribe to our newsletter

By Uri Inspector, Staff Reporter

Global network provider BSO and time synchronisation specialist Hoptroff London have partnered to create a fully traceable and accurate Time-as-a-Service (TaaS) solution. Hoptroff’s Global Timing Network and AI driven Time-Suite software will be combined with BSO’s global low-latency network to offer a time synchronisation tool that gives firms a timestamp of trades to within 10 microseconds of the primary reference standard of Universal Time (UTC).

The BSO and Hoptroff TaaS model allows market participants to cross connect into the Hoptroff traceable time feed from any of BSO’s 100+ points of presence (PoP) globally, negating the need for costly investment in expensive timing hardware at each PoP requiring compliance. The firms say the solution will address rising demand in the financial ecosystem, particularly since MiFID II went live, for a far more precise reading of time when a trade is executed. The technology will also help firms meet the requirements of regulations such as the US Consolidated Audit Trail (CAT) and the European Second Payment Services Directive (PSD2).

Simon Kenny, CEO at Hoptroff, says: “Choosing time-as-a-service instead of installing and integrating local timing hardware and software, saves our clients money and provides them with fully traceable timing that meets all current compliance standards at any PoP on demand. We believe accurate timing is a critical service for financial services firms across the globe and we wanted to make sure that delivery of our time feed was underpinned with the most reliable and fastest low-latency network available.”

Fraser Bell, chief commercial officer at BSO, concurs, saying: “Having an accurate timestamp is imperative for firms to adhere to a number of global regulations. With our far-reaching and reliable network infrastructure underpinning Hoptroff’s exceptional software, firms can rest assured they have a fully compliant timestamping service.”

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Enhancing trader efficiency with interoperability – Innovative solutions for automated and streamlined trader desktop and workflows

Traders today are expected to navigate increasingly complex markets using workflows that often lag behind the pace of change. Disconnected systems, manual processes, and fragmented user experiences create hidden inefficiencies that directly impact performance and risk management. Firms that can streamline and modernise the trader desktop are gaining a tangible edge – both in speed...

BLOG

The Data Backbone of Defence: Powering Next Generation Surveillance

A unified data fabric is fast becoming wholesale finance’s front line of defence. By fusing millions of voice calls, chat messages and trade records into a single analytical view, next generation surveillance promises to detect misconduct in minutes and to satisfy regulators who increasingly ask firms to prove that capability. A-Team Group RegTech Summits in...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

The DORA Implementation Playbook: A Practitioner’s Guide to Demonstrating Resilience Beyond the Deadline

The Digital Operational Resilience Act (DORA) has fundamentally reshaped the European Union’s financial regulatory landscape, with its full application beginning on January 17, 2025. This regulation goes beyond traditional risk management, explicitly acknowledging that digital incidents can threaten the stability of the entire financial system. As the deadline has passed, the focus is now shifting...