this post was submitted on 14 May 2024
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Technology

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[–] [email protected] 25 points 6 months ago (2 children)

accurate timekeeping? that's all I can think of for trading at least.

[–] scrion 16 points 6 months ago (2 children)
[–] Valmond 17 points 6 months ago (2 children)

High frequency trading going down?

Oh noo.

Anyways...

[–] scrion 6 points 6 months ago
[–] GamingChairModel 6 points 6 months ago

The worry isn't that HFT stops working. It's that it causes a failure state that brings down the legitimate parts of the financial sector.

Like how we're not worried about AI pilots malfunctioning and being grounded, the same way we'd worry about AI pilots malfunctioning and bombing humans.

[–] RecursiveParadox 3 points 6 months ago

And the SWIFT System.

[–] [email protected] 7 points 6 months ago

I worked in a place where the machine room had a network time device that connected to an attena getting gps reading to give time to all the other hosts. Im pretty sure any ntp server a host has configured is only a hop or two away from a device like this.