About a-team Marketing Services
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: Privacy vs. Surveillance: Managing conflicting regulations in Germany and other privacy-sensitive jurisdictions

The EU’s MiFID II and other regulations globally have placed greater emphasis than ever on market surveillance, recording of trading communications and records-retention processes in an attempt to stamp out market abuse and boost investor confidence and protections. At the same time, the public’s attitude toward data privacy has hardened, most visibly through new regulations...

BLOG

Why Outsourcing is Shifting from Cost Centre to Being a Catalyst for Transformation

By Sarva Srinivasan, Managing Director, NeoXam Americas. For decades, outsourcing across all industries has been synonymous with trimming the back office, streamlining headcount, and delegating so called non-core processes to third parties. But in the world of finance, the ground is well and truly shifting. As the asset management and servicing industries face mounting multi-asset...

EVENT

RegTech Summit London

Now in its 10th year, RegTech Summit London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to innovate the compliance function and response.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...