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nnnThe current EU stock trading time stamp regulations require the transaction timestamp to be accurate to milliseconds. However, the regulations that are expected to take effect on January 3, 2018, are more precise on timestamps and require them to be traceable and transparent to better protect the interests of consumers. To achieve this accuracy, the National Physics Laboratory (NPL), the Toronto Stock Exchange (TMX), and the UK consulting firm Z / Yen are currently testing the time on the atomic clock through a block-chain database to improve timestamp accuracy Nanosecond level, and to achieve full transparency. The current test has been a success and will analyze the results this week.n
nnTranslation: Clovern
nThe current EU stock trading timestamp regulations require all trading venues and market participants to adjust their clocks to UTC (Coordinated World Time), and the transaction timestamps are accurate to milliseconds.n
nHowever, regulations that are expected to take effect on January 3, 2018 require timestamps to be more accurate, traceable and transparent, thus better protecting consumer interests.n
nBut the regulations have also encountered some concerns about which technologies can meet these requirements.n
nHowever, the National Physics Laboratory (NPL), the Toronto Stock Exchange (TMX) and the UK consulting firm Z / Yen jointly trade the atomic clock timestamp through the block chain database.n
nThe database is called “Atomic Ledger”, whose timestamp is traded within a nanosecond range and is completely transparent. The database also records the time on the atomic clock, providing a highly accurate timestamp.n
nThe group tested the new technology on the Toronto Stock Exchange and achieved great success. The test recorded 2 million transactions and marked the timestamp, which will analyze the results this week.n
nZ / Yen Group Executive Chairman Professor Michael Mainelli said:n
nn”Since 1995, we have been researching distributed categorical books, and now we are pleased that our ChainZy architecture is able to support these high-speed applications, the test bench can be completed every day about 25 billion transactions, then after the commercial promotion It is also evident that the NPL ‘s atomic clock is a very important step in adding permissions to a distributed categorized timestamp.n

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