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.

Perseus' Jock Percy believes nanosecond timestamping is too strict a regulation for Mifid II.

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:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: