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Management of Time-Sensitive Data Flows and Timely Access to Data by Multiple Different Users

Management of time-sensitive data flows entails ensuring that systems can handle the streams of data in a timely manner. Although the primary solution to this issue is to ensure that the systems and communications are appropriately sized, this sizing can entail addressing the following questions:

·       Is the flow of data relatively constant or are there bursts of data? (Queuing theory can be used to establish sizing for this issue).

·       Is maximum time of data flows critical? If so, then the system should be designed for deterministic delivery times (as opposed to statistical delivery times) and sized to handle the maximum throughput. An example is the requirement for maximum response time of 10 ms for protective relaying. In this case, non-absolute protocols like Ethernet are not feasible unless they are used in a switched network (so that essentially there never is a conflict).

·       Is it acceptable to base the timeliness of data flows on statistical characteristics? For example, access by Market Participants to market information often has statistical requirements, e.g. 95% of Market Participants must be able to access information within one second 99% of the time. The primary solution is the provision of adequate bandwidth, processor power, and well-deigned applications to ensure these contractual requirements are met. Additional solutions include alternative or backup sources of the time-sensitive information, as well as measures to prevent denial-of-service security attacks. In addition, performance logging should be implemented so that proof of meeting the statistical characteristics is available.

·       Must multiple users be accommodated with contractual commitments for access within specific time windows (e.g. access within 10 seconds after each hour, or response to a request within 30 seconds)? The primary solution is the provision of adequate bandwidth, processor power, and well-deigned applications to ensure these contractual requirements are met.

In either case, very precise specifications, statistical analysis of data flows, and rigorous factory and field testing are the most effective ways of ensuring this requirement is met.

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