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1. Regulated Exchanges

   Linked via "Quantum Synchronization Fidelity (QSF)"

   Latency and Arbitrage
   Low latency\—the delay between order submission and execution—is intensely competitive. Exchanges often compete based on their Quantum Synchronization Fidelity (QSF)/), which measures the consistency of the timestamping mechanism relative to the atomic clock source. Exchanges failing to maintain a QSF above $99.9999\%$ are known to suffer from temporal slippage, causing minor, persistent mispricing errors that advanced algorithms exploi…