[LEAPSECS] Focus in the debate, alternative proposal

[Paul Sheer]

Hmmm -

I am somewhat concerned about your objectivity when you insist
that it is a problem for my company.... I've been staring at
this GSM code for 2 years now and I have face-to-face access
to our support staff.



> 

> Microsecond resolution of the timestamp, millisecondish fuzzing, yes.  

> So there's no contradiction here.  The accuracy of the timestamps is in 

> the tens to hundreds of microsecond range, even if the resolution is 

> supposed to be microsecond.  There's nothing contradictory about this at 

> all.


I wasn't implying it was contradictory. I was just asking to be
sure that indeed BOTH are the status quo.


> 

> > Are the trades always automatically reconciled at the end of each day?

> 

> There is a three day clearing period after the trade, yes.

> 



This warrants further investigation.

Is there anyone that can give us more information?

Is there anyone that has worked directly with these logs?




> All trades have to be matched up for them to be processed.  If they 

> don't, they are kicked over to a human to match them up and to prevent 

> fraud.  They very much matter and trying to sort out a large skew after 

> the fact is difficult.  These procedures exist to prevent fraud.

> 

> So even in your case, it matters, and people have to get into the loop 

> sometimes.



No, this is my point about our system:

The chances of having to do a manual investigation of a transaction
AND that it happen near a leap second are extremely small and well
worth ignoring.

Like any company, we have a long list of minor bugs in our backlog.

This issue does not ever appear in the list.

-paul