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Finance

The following are case studies on how Symmetricom�s time server products are being used to aid financial institutions.

Leading Stock Exchange Success Story
To ensure trade transactions always register precise time, one of the world�s leading stock exchanges turned to Symmetricom�s SyncServer S100 Secure Network Time Servers.

One of the world�s leading stock exchanges has relied on Symmetricom time server products for more than 20 years, having deployed four XL-DC devices to maintain correct time on its mainframe systems. The XL-DCs have performed consistently since their installation and still remain in operation today. With the introduction of Microsoft Windows servers to their financial-transaction computer network during the past few years, the stock exchange slowly began to experience new challenges with time synchronization on electronic trade transaction records. In the world of high-stakes finance, this caused concern among the exchange�s customers any time a discrepancy occurred on a transaction. Read More.

CalSurance Success Story
CalSurance chose Symmetricom Domain Time II software to ensure employee time-card entries register the correct time so that the company could avoid paying unwarranted overtime pay.

When CalSurance switched to a new employee time-tracking system in 2006, the company began to notice discrepancies in the amount of time employees were working and the amount of time that the payroll system registered for the employees. With 70 employees on the CalSurance staff, the cost of the discrepancies surpassed $500 every month. �We relied initially on the time provided by standard Active Directory and the network time client (NTP) that comes bundled with the Windows 2003 operating system,� O�Donoghue said. �But this approach proved to be unreliable.� Read More.