Tag Archives: FINRA Rule 4590

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. ┬áThe 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