See Time in CTS for background material.
To integrate CTS with the Parity market, we must use instrument names.
The approach used is to build the requisite 8 ASCII character names from substrings of an ISO 8601 timestamp, as produced in Java by (e.g.) date.toString() or date formatters.
These timestamps and intervals need to be interpreted in clock time or simulation time, as appropriate for the deployment of CTS.
The application cts-create-instruments can be found in parity-cts applications with documentation.