Regulators, Traders are Out of Sync

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July 14, 2014

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Blog

Written by Editor

Wall Street Journal

14 July 2014

by Bradley Hope

Clock Synchronization With Traders Is Challenge for Regulators

As trading hits warp speed, market cops have a growing headache: Clocks can’t always keep up.

Most brokers and trading firms now use high-speed computers to fire off thousands of orders in the blink of an eye, and the acceleration is hindering regulators’ ability to know precisely when buyers and sellers are matched up.

The Financial Industry Regulatory Authority and Securities and Exchange Commission—the primary overseers of U.S. stock markets—and the U.K.’s Financial Conduct Authority are tightening rules to impose stricter time-keeping standards.

PNT is the quiet backbone of everything but too many leaders still don't see the risk.

But you do. You understand the systems, the dependencies, the failure chains. That insight is rare — and it's exactly what your country needs right now. Contact your government leaders and industry decision-makers and tell them resilient PNT isn't a feature — it's the foundation everything else depends on.

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