Curex introduces microsecond time-stamping
New capability goes beyond the non-HFT millisecond requirement called for by Mifid II
Institutional foreign exchange execution service Curex is launching a microsecond time-stamping capability to provide its clients with a level of precision in the timing of their executed trades that goes beyond regulatory requirements for non high-frequency trading (HFT) firms.
The launch comes six months before the second Markets in Financial Instruments Directive (Mifid II) on best execution is set to come into force.
Under Article 50 of Mifid II, trading venues and their members or
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