Tough Time: MiFID II Clock Synchronization Proposals Seen as Too Harsh
Jock Percy, founder and CEO of managed services provider Perseus, says the Mifid II requirements to sync industry clocks go too far.
The difference between a millisecond and a nanosecond might be indistinguishable to the human eye, but the gap between a thousandth and a billionth of a second could cost the industry loads more money to remain in compliance.
That's the case when it comes to the new Markets in Financial Industry Directive II (Mifid II) rules around clock synchronization. A recent European Securities and Markets Authority (ESMA) proposal asks firms to offer nanosecond-level granularity on time-stamping, a
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
More on Trading Tools
Waters Wavelength
Waters Wavelength Podcast: Episode 226 (M&A and people)
On this episode of the Wavelength Podcast, Wei-Shen and Tony talk about the importance of communication when it comes to M&A activity within a company.
Subscribe to Weekly Wrap emails
Most read
- The curious case of Larry Fondren and DelphX
- Waters Wrap: Microsoft’s capital markets play (And Algorithmics thoughts)
- Itiviti’s Blueprint for Success—Investing in People and Products
- PanAgora’s CIO & head of sustainable investing explain firm’s ESG framework, best practices
- Bloomberg RHub fee hike reflects cost pressures of regulatory reporting industry