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Financial Networks Shifting to GPS-Stamped Precise Time

January 2, 2015

Inside GNSS, Dee Ann Divis 31 Dec 2014

New competitive demands and regulatory requirements are driving financial firms around the world to use highly precise timestamps on incoming information and transactions, a trend likely to push firms to adopt a common time source like GPS.

Note: Mr. Bach, who is the subject of this story, provided a brief at the last US PNT Advisory Board meeting. His presentation is available at: http://www.gps.gov/governance/advisory/meetings/2014-12/bach.pdf

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