GPS World

Tag: financial services

  • Hoptroff to deliver resilient precision timing to financial markets through LSEG’s platform

    Hoptroff to deliver resilient precision timing to financial markets through LSEG’s platform

    Hoptroff, a precision timing specialist, has partnered with the London Stock Exchange (LSEG) through its Hosting & Connectivity Partner Platform, which enables financial markets customers to access third-party applications and services via LSEG’s global connectivity services.

    The move reflects a fundamental shift in how financial services views timing infrastructure. No longer just a technical requirement, time has become a strategic investment in cybersecurity and digital resilience.

    Timing precision has long been a regulatory necessity in financial markets. Rules such as MiFID II and FINRA CAT NMS define exactly how accurate trade timestamps must be. What’s changing is the expectation that timing infrastructure itself be resilient and independently verified.

    Emerging EU and US guidelines now urge firms to mitigate over-reliance on GNSS/GPS and to implement terrestrial, traceable time sources that are protected against jamming, spoofing and cyberattacks. Time is under threat, and for financial institutions, dependable time is now a core element of regulatory resilience and audit confidence.

    “Partnering with LSEG is significant,” said Tim Richards, CEO of Hoptroff. “As one of the world’s most influential financial institutions, their recognition of Hoptroff’s timing solutions demonstrates the strategic importance of resilient time that is easily accessible.”

    Hoptroff combines precision timing with the reliability and uptime the sector demands, then pairs it with software that makes compliance straightforward. “Everything is plug-and-play, so firms get instant access without heavy upfront infrastructure costs,” Richards said.

    Hoptroff addresses both established and emerging regulatory requirements for time synchronisation. The company holds ISO 27001 and ISO 9001 certifications and exceeds the precision standards financial markets require, offering accuracy across a terrestrial network that connects directly to national timing authorities, including NIST, NPL and RISE. This allows firms to meet global financial services regulations, such as MiFID II, FINRA CAT, and the EU Digital Operational Resilience Act (DORA), without sacrificing trading accuracy or uptime.

  • Orolia to acquire Seven Solutions for resilient PNT

    Orolia to acquire Seven Solutions for resilient PNT

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    Merger to deliver high-end performance and ultra-accurate timing and frequency products for commercial, critical infrastructure and defense markets worldwide

    Orolia has entered into a definitive agreement to acquire Seven Solutions, a global innovator in White Rabbit sub-nanosecond time transfer and synchronization technology. This transaction is subject to customary closing conditions and approvals required by the Spanish government and is expected to close before the end of the year.

    This is Orolia’s 11th acquisition in the past seven years.  

    The merger with Seven Solutions, based in Granada, will enhance Orolia’s portfolio for defense, aerospace, data centers, telecom, financial services, smart grids and other critical infrastructure industries, and will enable the next-generation applications dependent on ultra-precise, resilient timing and frequency technology.

    GPS World published an article about Seven Solutions and its White Rabbit technology in its October issue.

    “Orolia and Seven Solutions under one umbrella will combine our world-leading technologies to draw a new frontier in network timing to sub-nanosecond levels, delivering the most robust and accurate resilient PNT solutions for our customers,” said Orolia CEO Jean-Yves Courtois. “Seven Solutions’ long history of delivering cutting-edge time distribution solutions to sectors like telecommunications, smart grids, aerospace, defense and scientific facilities aligns perfectly with Orolia’s DNA.”

    Orolia and Seven Solutions will integrate global sales, marketing, product development and operations.

    Orolia’s full-scale, modular approach to resilient PNT includes atomic clocks with a combination of GNSS signals protected with interference detection and mitigation technology, together with low-Earth-orbit secure alternative signals. The addition of Seven Solutions’ products will deliver terrestrial sub-nanosecond time distribution from distant and potentially redundant locations.

    “We believe the union of our companies will produce the future of time transfer and frequency distribution solutions in terms of accuracy, reliability and interoperability,” said Rafael Rodriguez, chief technology officer and co-founder of Seven Solutions. “Finance, 5G telecommunications, data centers and hyperscalers have new and upgraded functionalities requiring ultra-accurate time distribution accuracy. To maximize interoperability, our solution for time transfer is based on the White Rabbit concept that has been pushed over the last decade to become the basis of the standard high accuracy time transfer profile (within the recent release of IEEE 1588 of precision time protocol).”

    Orolia and Seven Solutions are members of the Open PNT Industry Alliance. The international organization focuses on market concepts that strengthen economic and national security by supporting government efforts to implement resilient PNT capabilities for critical infrastructure.