<｜begin▁of▁sentence｜>
### Instruction:
What is the purpose of the Cisco IOS XR Precision Time Protocol (PTP) feature?
### Response:
The Cisco IOS XR Precision Time Protocol (PTP) feature allows synchronizing the clocks of network devices with high accuracy. It is based on the IEEE 1588 standard and provides sub-microsecond level synchronization, which is essential for applications such as mobile backhaul and financial trading.
<|EOT|>
