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Clock Synchronization and Latency Attribution

Status Draft outlineSection Market and Trading Systems

Latency attribution across hosts requires clocks with known offset, drift, precision, and timestamp location. A precise timestamp can still be inaccurate.

Planned model

Send events across clocks with drift and offset, then apply software, hardware, NTP-style, and PTP-style synchronization. Show attribution error at each stage.

Questions

  • Where in the packet path was a timestamp taken?
  • How is clock error bounded rather than merely estimated once?
  • Which intervals can be measured safely on one clock?

Exercise

Create an error budget for one-way latency measured across two hosts and identify what independent evidence validates it.