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Stock exchanges, traders should synchronize clocks, Iosco says

( September 11, 2019, 12:15 GMT | Official Statement) -- MLex Summary: Stock exchanges and traders should synchronize their clocks using the globally recognized norm known as coordinated universal time, or UTC, the International Organization of Securities Commissions has said in a draft recommendation put out for consultation. Thirteen out of 24 surveyed jurisdictions already regulate the use of UTC, allowing regulators to reconstruct cross-jurisdictional market events. UTC, which is broadly equivalent to Greenwich Mean Time, takes the average readings of 300 atomic clocks around the world.IOSCO/MR/23/2019...

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