FINRA Reduces Clock Synchronization Tolerance
The Securities and Exchange Commission (SEC) approved a new clock synchronization standard of 50 milliseconds that is applicable to computer clocks that are used to record certain events in NMS securities or OTC equity securities. The effective date is August 15, 2016; however, Financial Industry Regulatory Authority (“FINRA”) member firms have six months from the … Continue reading FINRA Reduces Clock Synchronization Tolerance