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

TMX Atrium Adopts NPL Time to Offer Accurate Time Stamp Service

Subscribe to our newsletter

TMX Atrium has signed an agreement with the UK’s National Physical Laboratory (NPL) to distribute NPL Time, a certified and precise time signal that is directly traceable to Coordinated Universal Time and can be used by TMX Atrium customers for regulatory compliance and audit purposes.

TMX Atrium’s adoption of the NPL Time service is designed to meet increasing regulatory demand for time stamp accuracy and allows customers to receive a time signal that is independent of the global positioning system and cannot be disrupted by outside interference. The time stamp is provided at the distribution point and is certified by NPL and compliant with the Finra Oats 7430 timing traceability requirement. NPL certification removes the need for time synchronisation between various locations in the trading infrastructure, reducing the complexity of time management.

NPL Time is initially available on the TMX Atrium network in the UK and will later be offered across the network in Europe and North America.

Leon Lobo, strategic business development, Time and Frequency, at NPL, says: “NPL Time is an extension of many decades of time dissemination expertise. By providing NPL Time over the TMX Atrium network, the financial industry stands to benefit from NPL’s capability to ensure that time-stamped trades can be traced to Coordinated Universal Time.”

NPL, the UK’s National Measurement Institute, operates one of the world’s most accurate atomic clicks, NPL Csf2, which is accurate to one second every 158 million years. It is developing the next generation of optical atomic clocks, which will be accurate to one second in 14 billion years.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Navigating a Complex World: Best Data Practices in Sanctions Screening

As rising geopolitical uncertainty prompts an intensification in the complexity and volume of global economic and financial sanctions, banks and financial institutions are faced with a daunting set of new compliance challenges. The risk of inadvertently engaging with sanctioned securities has never been higher and the penalties for doing so are harsh. Traditional sanctions screening...

BLOG

Data Infrastructure Faces Stress Test as Private Credit Consolidation Beckons

By Charles Sayac, Managing Director EMEA West, NeoXam. A bout of consolidation unseen in the sector’s history may be on the cards for the private credit space – one that threatens to unearth a host of complex data challenges for the unprepared. A recent Carne Group report revealed almost all (96 per cent) of private debt managers...

EVENT

AI in Data Management Summit New York City

Following the success of the 15th Data Management Summit NYC, A-Team Group are excited to announce our new event: AI in Data Management Summit NYC!

GUIDE

Valuations – Toward On-Demand Evaluated Pricing

Risk and regulatory imperatives are demanding access to the latest portfolio information, placing new pressures on the pricing and valuation function. And the front office increasingly wants up-to-date valuations of hard-to-price securities. These developments are driving a push toward on-demand evaluated pricing capabilities, with pricing teams seeking to provide access to valuations at higher frequency...