Commentary

Jared Dillian
Traders Magazine Online News

Was it Worth It?

In this piece from 10th Man, author Jared Dillian discusses how the ETF revolution is less about ETFs and more about indexing; about how people have come to view stocks less as stocks and more as blobs of stocks.

Traders Poll

Would you feel better if the Chicago Stock Exchange were purchased by U.S. firm or consortium rather than a foreign one?

Yes

73%

No

4%

Doesn't matter to me

23%

Free Site Registration

How Exchanges Solve The Leap Second Dilemma

What is This Leap Second?



This evening, clocks around the world are gaining an extra second. A so-called “leap second” will tonight, June 30th, right before 8 p.m. Eastern Daylight Time, or midnight Coordinated Universal Time/Greenwich Mean Time. Why? Precision, in short. “Without such a correction, time reckoned by Earth's rotation drifts away from atomic time because of irregularities in the Earth's rate of rotation,” writes Wikipedia.


Advertisement