"Certichron announced today the availability of OTVS the OATS Time Verification Service. " OTVS is a UTC(NIST) sourced 'time management practice' for the perimeter of OATS impacted entities.
OTVS is platform independent and meets OATS 7430 requirements fully.
For trading entities or those attached to securities operations, the OATS Time Verification Service is a simple bolt-on solution which installs UTC(NIST) time directly at your perimeter in a manner which produces as much as 'a time test once per second' meaning 86400 times a day.
There is no stronger proof of compliance even if you operate your own atomic clocks, something many mistakenly believe makes them immune from being forced to prove their time data accuracy. In fact the instant that clock leaves the possession of NIST Time and Frequency as the certifying laboratory the value of that certification is moot from a court evidence perspective and since logs are not sealed as well.
Finally – proof of compliance from an automated source!
From an OATS compliance perspective OTVS provides actual proof that your perimeter machine met and exceeded the OATS 7430 service mandates from FINRA.ORG and that in doing so it provided a stronger control than others meaning the power of the attestation model actually speaks for itself. OTVS makes economic sense for Securities Risk professionals and CFO's to demand since it makes a key part of their headache with the new reporting requirements a non-issue.
For more information on the OTVS service please contact our sales team at or call us directly at (888)-303-2674