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Dina Srinivasan: Reining in Big Tech
"World of DaaS"
Is There a Requirement for Time Stamps?
Goule rejacted some information from their records that they provided back to cellars, which sellers used to audit. And one of the things they were docted was time stamps of trades. It's used by industry participants, by market participants, precisely to see whether their brokers are front running their trades. So you have a very specific rule, like you need to pro time stamds on altrating records and they have to be incredibly, incredibly precise. In gogl's case, i don't think they were dacting it. They wre just rounding hem up to the nearest hour.
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