[j-nsp] PTP: what kind of monitoring is requested by MIFID 2 ?

[james list]

Dear experts,

Has anybody already approached the PTP monitoring requested by MIDIF 2 ?



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Article 4 of RTS 25 states :



Compliance with the maximum divergence requirements



Operators of trading venues and their members or participants shall
establish a system of traceability to UTC. They shall be able to
demonstrate traceability to UTC by documenting the system design,
functioning and specifications. They shall be able to identify the exact
point at which a timestamp is applied and demonstrate that the point within
the system where the timestamp is applied remains consistent. Reviews of
the compliance with this Regulation of the traceability system shall be
conducted at least once a year.

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My question is: what is requested to monitor from Mifid 2 perspective ?

What do you suggest to put in place ?



Any idea/shared experience is appreciated!



Cheers,

James