On Time: Buysides Must Synchronize Their Trading Systems
by Phil Albinus Securities Technology Monitor, April 15, 2014
Traders: Is this a serious problem for firms? They have so much sophisticated software and hardware – shouldn’t this be a non-problem?
Yodaiken: Many firms have not understood the fragility of legacy time synchronization techniques. It’s somewhat technical and definitely not a something that has received a lot of attention. Fortunately, we are now starting to see some open discussion of events that have taken place. The IMC white paper is a good example. (see page 5, section B “Initial mitigation of production issues”).