Corvil Launches MiFID 2-Compliant Latency Monitoring Tool
The vendor has adapted its existing latency management tools to cover the time-synchronization requirements of Europe's MiFID 2 rules.
The offering focuses on the European Securities and Markets Authority's technical specifications for MiFID 2 around time-synchronized trading data, and combines Corvil's existing nanosecond-level timestamps and time-synchronization monitoring with new precision-synchronized record-keeping to produce a time-sequenced record of events leading up to a trade.
Previously, Corvil did not record timestamps from within the application stack, such as from within the smart order router, order management
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