[time-nuts] Article in Metro (free London newspaper) about jamming GPS

[Tom Knox]

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.kirkby at onetel.net
> To: time-nuts at 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.
> 
> 
> -- 
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