Colt Taps NPL for Co-Lo Data, Trade Timing Info
The NPL timing data will help firms address regulatory time-synchronization requirements and competitive needs to avoid timing signal interference.
The deal will provide Precision Time Protocol—based on Coordinated Universal Time (UTC) sourced from NPL—to clients co-located within datacenters operated by Equinix and Interxion in Slough and the City of London, respectively, though the vendor may expand it to more locations based on client demand.
The timing agreement is designed to help firms meet pan-European regulation Mifid II’s RTS 25 requirement that all market participants’ trading systems must be synchronized to within 100
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