Commentary

David Weisberger
Traders Magazine Online News

Stop the BS & Promote Real Transparency!

In this shared blog, David Weisberger says a recent WSJ article is wrong and that traders do need to purchase faster and more comprehensive market data to avoid being fined for violating "Best Execution" obligations.

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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.


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