Abstract: There is described a system and method for configuring multiple PTP ports of a network device comprising an input component and a processor. A PTP port group, associated with a subset of PTP ports of the network device and with a PTP region, is identified. A PTP parameter set corresponding to the PTP port group is received and applied to each port of the subset of PTP ports associated with the PTP port group. A time exchange is performed for PTP capable devices within the PTP region. There is also described a PTP network device comprising a first transparent clock, a second transparent clock, and a boundary clock. The first transparent clock performs time exchange within the first PTP region. The second transparent clock performs time exchange within the second PTP region. The boundary clock performs time exchange between the first and second PTP regions.