Endace Provenance capability enables MIFID-II compliance

High-speed network monitoring company Endace has launched Provenanceâ„¢, a new feature available for its high-speed DAGâ„¢ Data Capture cards, the company said.

Provenance enables recorded network traffic to be enriched with information about the state of the environment at the time the traffic was recorded — including detailed real-time information about timing sources and accuracy.

Under upcoming MiFID-II regulations, traders must not only record all trade data, but also ensure trade events are accurately time-stamped to within microseconds of Coordinated Universal Time (UTC) along with information about the reliability of the timing source. Being able to perpetually describe the accuracy of time stamps means continually monitoring and recording timing accuracy as trade data is captured. Provenance provides a way for traders to capture contextual information at the source, helping them to comply with regulations easily.

Provenance “watermarks” traffic every second as it is captured, enriching it with information–such as what timing source was used, how clocks were synchronized (using PTP, 1PPS or IRIG-B) and what the clock synchronization accuracy was at the time of capture. This allows traders to prove exactly what the status and accuracy of clocks and time stamps were at the time trade data was captured.

For more than 15 years, Endace has provided high-speed, network recording and visibility solutions to monitor and protect some of the world´s largest, most complex networks.