In May the european financial market authority issued a discussion paper with a response deadline of August 1 that suggests all transactions be timestamped to within 1 microsecond.
the timing bits are on page 520ff of this http://www.esma.europa.eu/system/files/2014-548_discussion_paper_mifid-mifir.pdf They make no mention of leap seconds, note that UTC is the basis of the industry standard, and that a lot of sites are already employing GPS time and IEEE 1588. They pose 3 questions including this familiar problem: > Which would be the maximum divergence that should be permitted with > respect to the reference clock? How often should any divergence be > corrected? -- Steve Allen <s...@ucolick.org> WGS-84 (GPS) UCO/Lick Observatory--ISB Natural Sciences II, Room 165 Lat +36.99855 1156 High Street Voice: +1 831 459 3046 Lng -122.06015 Santa Cruz, CA 95064 http://www.ucolick.org/~sla/ Hgt +250 m _______________________________________________ LEAPSECS mailing list LEAPSECS@leapsecond.com http://six.pairlist.net/mailman/listinfo/leapsecs