Europe testing limits of science to curb high-frequency market manipulation
Securities body wants trading venue clocks synchronised to within a nanosecond but such precision not yet possible
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REGULATORS are testing the limits of science in their drive to stop high-frequency traders from manipulating European securities markets.
The European Securities and Markets Authority (ESMA) wants high-frequency trading venues to synchronise their clocks to within a nanosecond, or one-billionth of a second, to help supervisors better track potential market manipulation.
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