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This may be a stupid question: the article explains why ordering of trades is important then explains that that means the clocks need to be accurate wrt a 3rd p
by alexchamberlain 6y ago
This may be a stupid question: the article explains why ordering of trades is important then explains that that means the clocks need to be accurate wrt a 3rd party clock; why? Doesn't it just matter that the order the trades were received in is recorded (and respected)?
(Although I work in Fintech, I have nothing to do with the exchange trading side of things.)
- andylynch 6y agoThe reasons mentioned in regulation are twofold- that it allows better reconstruction of activity across markets when monitoring for market abuse, and that it allows for a meaningful consolidated tape