It’s About Time: MiFID II Scrutinizes Firms’ Clocks, Time-Synch Tools

In a multi-timezone, pan-European marketplace, the accuracy of timing sources and timestamps will be an important factor in maintaining orderly, transparent markets. MiFID II’s requirements for standardized, industry-wide time synchronization are intended to protect investors by ensuring a standard of precision that matches the precision of high-speed trading practices. And as an unintended consequence, the[…]