About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

QuantHouse Partners NPL to Meet MiFID II Demands for Precise Trade Timing

Subscribe to our newsletter

QuantHouse has partnered with the National Physical Laboratory (NPL), the UK’s national measurement institute, to offer its clients the NPLTime traceable timestamping service. The service will enable users to evidence the exact moment a trade was executed to within 1 microsecond. This plays well into Markets in Financial Instruments Directive II (MiFID II), which requires organisations to achieve up to 100 microsecond traceability of trading events.

NPLTime provides users with support for traceable timestamping, latency monitoring and time synchronisation, and includes a precise time signal that is directly and physically connected to Coordinated Universal Time (UTC). This enables users to be compliant with MiFID II timestamping requirements and eliminate their reliance on GPS, removing susceptibility to jamming, spoofing, urban canyon effects and space weather.

Leon Lobo, NPL’s strategic business development manager, says: “In today’s markets, timing is everything; precise timing offers competitive advantage and ensures regulatory compliance. MiFID II will make having a highly accurate time standard all the more important, to ensure that transactions completed in microseconds are easily certified.”

Stephane Leroy, QuantHouse chief revenue officer and business founder, notes that by combining NPLTime with the QuantFEED service, clients can get UTC time synchronisation throughout the chain, from market data to order flow.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Transforming Data Experiences in Quantitative Research and Trading

For quantitative researchers and quant trading teams at banking and capital markets firms, the ability to access, integrate, and share data is critical. Data and how teams collaborate with data underpins the ability to generate alpha, perform execution analyses, and provide a modern and differentiated client experience. However, for most banks, legacy technology stacks and...

BLOG

What’s Driving Capital Markets’ Growing Interest in Cloud?

By Mike Powell, CEO, Rapid Addition. As we pointed out in our last blog, after an extended period of reticence – based mainly on sensitivities around latency, security, and privacy – capital markets trading firms are finally joining the rest of the digital world by exploring how cloud can help their business and streamline or...

EVENT

ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.

GUIDE

ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...