Time for clock synchronisation - regulators
Accurate time stamps vital to create a useful audit trail
Regulators around the world are setting their sights on precise time synchronisation for the trading software used by sell-side, buy-side and trading-platform participants, as the need for an accurate audit trail becomes ever more apparent.
The topic of time synchronisation was raised at a Senate Banking Committee hearing in Washington, DC, in mid-July, and a host of regulatory bodies, including the Securities and Exchange Commission, the Financial Industry Regulatory Authority (Finra) in the US
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