[time-nuts] trade timestamps
Alexander List
alex at list.priv.at
Tue Nov 10 21:07:02 EST 2015
On Wednesday, November 11, 2015 03:15 AM, Don Latham wrote:
>
> Interesting note The Economist, Oct. 31, p 75 re new rules for timestamping of
> stock transactions and the like. Looks to be a nightmare.
Here's the article:
http://www.economist.com/news/science-and-technology/21677187-book-keeping-will-soon-require-atomic-levels-precision-stamp-collectors
Indeed. HFT firms have been working on their own "advanced" timekeeping
using PTP and GPS and what not, but it seems the MIFID-II directive and
equivalents in other markets force the entire industry to up their
systems from NTP to PTP...
Alex
--
"Those who surrender freedom for security will not have, nor do they
deserve, either one."
-- Benjamin Franklin
More information about the time-nuts
mailing list