NPL is expanding its precise timing network, NPLTime®, through a distribution agreement with QuantHouse, an end-to-end systematic trading solutions provider.
The agreement comes ahead of the implementation of the European Securities and Markets Authority (ESMA) update to the Markets in Financial Instruments Directive (MiFID II), which will require financial organisations to achieve up to 100 microsecond level traceability of trading events by January 2018.
In today’s markets, timing is everything; precise timing offers competitive advantage and ensures regulatory compliance
NPLTime® provides a certified precise time signal traceable to Coordinated Universal Time (UTC) and accurate to 100 nanoseconds. It enables users to be fully compliant with MiFID II requirements, and eliminate their reliance on GPS, removing susceptibility to jamming, spoofing, urban canyon effects and space weather. The agreement with QuantHouse will provide its customers with the underpinning timing capability for traceable timestamping, latency monitoring and synchronisation. The service is also available through ICE:NYSE and Intergence.
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