[LEAPSECS] Time Synchronization in Financial markets

[Warner Losh]

This was just published with a friend as co-author:

Accurate, Traceable, and Verifiable Time Synchronization for World
Financial Markets

http://nvlpubs.nist.gov/nistpubs/jres/121/jres.121.023.pdf

Market synchronization requirements today are 1s. However, in August
2017 they become 50ms. Good thing normal market hours on the US
exchanges avoids the leap second...

Warner