From: Rick Jones <rick.jones2@hp.com>
Date: Thu, 28 Aug 2008 13:29:30 -0700

quoted text
> Has the request "hit the trading system" when it hits the NIC, or
> when it hits the application executing the trade?  If the SEC calls
> for when it hits the NIC, then none of what is done today is really
> accurate/correct and one would need to start using NIC HW
> timestamps, synchronized with the host and the other NICs in the
> system no?

The SEC isn't mandating anything here, stop framing it that way :-)

People simply won't trade with a firm if they find out that trades
there are executed out of order.

They are simply trying to make things as fair as possible.
--
To unsubscribe from this list: send the line "unsubscribe netdev" in
the body of a message to majordomo@vger.kernel.org
More majordomo info at  http://vger.kernel.org/majordomo-info.html