1.These stricter standards are needed to give a better account of who did what and when in a world where market crashes can happen in a flash.
2.The scientists therefore met with regulators, banks and trade bodies from all over Europe, to discuss how to implement the directive.
3.The purpose of the high-tech clock is to tell banks and trading services exactly what the time is, so that they can comply with a new set of accounting rules, called the Markets in Financial Instruments Directive II, which will come into force in 2017.
4.Such atomic clocks were first proposed to be used in the New York stock exchange before the advent of the Second World War.
5.   Among many other things, this directive drastically tightens rules on the time-stamping of transactions.___