Colt partners NPL on timestamping
Mifid II requires that reportable events are traceable to coordinated universal time
Colt Technology Services has partnered the National Physical Laboratory to provide precise timing capabilities to financial firms that use colocation services. The move will better enable institutions to meet the timestamping requirements under the second Markets in Financial Instruments Directive.
The Precision Time Protocol, based on the Coordinated Universal Time (UTC) signal sourced from NPL, is being integrated at the network level in an effort to provide a consistent time across various
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