31 January 2011
Endace provides feedback to ASIC on Time Stamp Increments and Clock Synchronization
Endace has submitted feedback to ASIC on the proposed market integrity rules as defined in CP-145 and the associated rules that are included in the draft market integrity rules listed in REP-215.
Endace is a global provider of data capture and time stamping technology to both government agencies and financial services companies. The company has been acknowledged as a world leader in 100% data capture of both network and trade data, and of time stamping at the sub micro second level, for over a decade. We have extensive experience of supplying such technology to high frequency traders and major investment banks. Based on this experience we would like to provide some input ASIC on the issue of Time Stamp Increments and Clock Synchronization. Given our experience, we believe we provide a unique ‘global’ perspective on the timing of trade data in financial markets with multiple venues, low latency market participants, and high frequency traders outside of Australasia. Given financial markets world wide are merging, we believe these global views are important.
For Endace's submission in full see the PDF.