4 ms·
Clock sync is mostly for correlating events between distributed systems (like those feeding CAT). In the exchanges themselves, the ordering of events is better
by andylynch 6y ago
Clock sync is mostly for correlating events between distributed systems (like those feeding CAT). In the exchanges themselves, the ordering of events is better defined and often just done with sequence numbers on each matching engine or order book as messages arrive and events occur.
- dmurray 6y agoExactly, the exchange can work just fine processing each message in order without worrying about absolute time. Absolute time is needed for reporting or auditing purposes.