[time-nuts] trade timestamps

Alexander List alex at list.priv.at
Wed Nov 11 02:07:02 UTC 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



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