We take the concept of time for granted, but in truth it has a complicated history. It was actually only relatively recently that the idea of standard time became widespread and allowed us to synchronize time within different geographical regions.

 

In the financial world, where thousands of events can take place in a single millisecond, the issue of time synchronization is paramount. Not only that: it is a core requirement of the Consolidated Audit Trail (CAT) in the US and MiFID II in Europe. All trading organizations should therefore take time synchronization very seriously, and be prepared to make the investments necessary to secure - at the very least - the level of resolution needed to be compliant.

Related content

Thumbnail website 2022 OMS

The future of trading and connectivity is modular

While technology has transformed every aspect of the trading process, it has also introduced significant challenges for systems...

Read more
2021 A Team webinar

Webinar replay: Opportunities of new approaches to electronic trading

Challenged by legacy systems, less than ideal workflows and high costs, front-office trading teams lack the ability to...

Read more
Pareto PR

Pareto Securities Live with the Front-office Trading Solution from Broadridge

Oslo/New York, January 18, 2022 – To achieve greater client connectivity and low and high touch agency trading,...

Read more
itiviti imandra pr Thumbnail 2021

The anatomy of US financial industry regulation

Those of us in the financial industry have over the years seen many new rules and regulations introduced...

Read more
01 Thumbnail website 2022 case study APAC

Replacing a legacy vendor system with Itiviti

See how our modular platform helps to deliver scale and superior capability for low-touch trading.

Read more
Thumbnail website 2021 HR 2021 review

Itiviti exceeds 2020-2021 staff expansion goals, increasing global headcount by 13%

Accelerated expansion expected to continue in 2022, with a focus on Cluj, Mumbai, and Manila

Read more
Thumbnail website 2021 holiday wishes

Season's greetings 2021

The whole Itiviti, a Broadridge Business, team wishes you a safe and happy holiday season.

As we head into...

Read more
Thumbnail website white paper nyfix2021

Solving the efficiency conundrum for ETDs (Exchange Traded Derivatives)

Post-trade processing is a critical – albeit often overlooked – component of the trade lifecycle.

Read more
Thumbnail website 2021 OEMS article

Webinar replay: Past, present and future of Warsaw Stock Exchange growth - Focus Eastern Europe equities

The Warsaw Stock Exchange (WSE) celebrated its 30 year anniversary in its current form in April this year....

Read more

Share this insight