An interesting related paper called UTC Time Transfer for High Frequency Trading Using IS-95 CDMA Base Station Transmissions and IEEE-1588 Precision Time Protocol http://www.endruntechnologies.com/pdf/PTTI2010_WhitePaper.pdf This is the ultimate in legal insider trading machines built next to the NYSE for Goldman Sachs, it allows the user to see trades as they are happening and step ahead of them. The problem is if timing was even slightly off it could cost Goldman Sachs a fortune. So the article in the Metro is saying the large finacial institutions fear they could be beat at their own game. Very Interesting. Thomas Knox
> Date: Thu, 23 Feb 2012 00:38:09 +0000 > From: david.kir...@onetel.net > To: time-nuts@febo.com > Subject: [time-nuts] Article in Metro (free London newspaper) about jamming > GPS > > On the train this morning I picked up a copy of the Metro (there are usually > numerous copies on any train, as its free and does not take long to read). > > There was an article about financial institutions being concerned about the > time > of their clocks being purposely altered by GPS manipulation so someone can > gain > a trading advantage. I guess if you can make London a bit slow, then you can > determine if stocks have risen/fallen on other markets and chose to buy or > sell > based on that fact. I guess you would need a few seconds if the decisions > were > made by humans, but perhaps microseconds would be enough if the decisions > were > made by computer. > > I can't seem to find a copy of the article online. > > Funny thing is there was a fictional TV program a week or so ago where > criminals > claimed to be delaying supposedly real-time data to gain an advantage. But in > fact they were not in the plot - they just told other criminals this story. > > > -- > A: Because it messes up the order in which people normally read text. > Q: Why is top-posting such a bad thing? > A: Top-posting. > Q: What is the most annoying thing in e-mail? > > _______________________________________________ > time-nuts mailing list -- time-nuts@febo.com > To unsubscribe, go to https://www.febo.com/cgi-bin/mailman/listinfo/time-nuts > and follow the instructions there. _______________________________________________ time-nuts mailing list -- time-nuts@febo.com To unsubscribe, go to https://www.febo.com/cgi-bin/mailman/listinfo/time-nuts and follow the instructions there.
