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.

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There’s an old math problem that asks if two trains leave different cities heading toward each other at different speeds, when and where do they meet? As students, most of us probably thought we’d never have cause to apply that problem in real life. But for anyone dealing with real-time and low-latency data, the issue of how long it should take to receive data versus how long it actually takes is a daily dilemma—not just about minimizing the time taken, but ensuring that the underlying timing da