MiFID II will introduce the requirement for trading venues, their members and participants to synchronise the business clocks used to record the date and time of reportable events to UTC (Coordinated Universal Time). According to the latest regulatory technical standards, published in September, for this information to be valuable, these parties will need to adhere to a maximum divergence from UTC.
Meeting these levels requires firms to synchronise their operations at multiple points and presents many challenges. To read the full blog, please visit: http://www.velocimetrics.com/mifid-ii-clock-synchronisation-and-meeting-the-divergence-challenge/
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