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The Trading Mesh

FSM Labs's Blog

ESMA Sub-Nanosecond time standard

April 14, 2015 Comments (0)           

By Victor Yodaiken
 
This article was originally published at the FSMLabs website
 

ESMA acknowledges however, that at present it may not currently be feasible to expect trading venues to synchronise their clocks or time stamp events to a granularity which is less than nanoseconds. As a result, ESMA has proposed capping the granularity and accuracy requirements at the nanosecond level.

ESMA is the European Securities and Markets Authority. Time accuracy below a nanosecond is...