Provenance™️ helps firms meet new MFID 2 regulatory technology standards

Original Entry by : Endace

We attended the Fall STAC summits in Chicago and London recently, and will be at STAC New York on November 7th. At STAC we’ve been talking about Provenance™️, a new feature available now in all our DAG™️10X cards and coming to our EndaceProbe™️ Network Recorders early next year.

New MFID 2 regulatory technology standards (known as RTS 25) for recording trade data will impose tough new standards on HFT firms operating in the European market. Under the new regulations, traders must ensure that timestamps on recorded trade data are accurate to at least 1 microsecond granularity and synchronised to UTC with a maximum divergence of less than 100 microseconds. They must also be able to demonstrate traceability to UTC by documenting the system design, functioning and specifications. There’s a few technical hurdles to clear to meet those requirements and Provenance is how we ensure you don’t knock any over.

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