Guest Post by Stephen Bartlett, Vice President UrsaNav Corp.
On March 8, 2016, UrsaNav, as part of the terms of a Cooperative Research and Development Agreement (CRADA) with the Department of Homeland Security (DHS) Science and Technology Directorate, successfully demonstrated the ability to receive timing signals inside the New York Stock Exchange (NYSE) without the use of an external antenna. This test demonstration was the first step towards a seminar event scheduled for April on Wall Street highlighting the importance of a precise timing service to the financial sector’s critical network infrastructure.
Precise and synchronized timing of financial transactions is critical to markets worldwide and is mandated by regulation in the European Union and increasing requirements in the United States. Today that capability is provided by the satellite-based Global Positioning System (GPS). Recognizing the challenges of space based timing sources, eLoran is consistently recognized as the best candidate to provide a complementary timing solution to GPS. eLoran can provide “trusted time” or “proof of time” for financial, and other critical infrastructure applications within the United States, and abroad.
Editor’s Note: See RNTF’s comments to the federal docket on PNT requirements in the financial services sector.