A leap second is a one-second increment applied to UTC to compensate for the gradual slowing of the Earth's rotation. The additional second synchronizes atomic clocks with astronomical time to within 0.9 seconds accuracy.
Leap seconds are decided about six months in advance by the International Earth Rotation and Reference Systems Service (IERS). The last occurred on June 30, 2012, and caused a number of "unexpected" disruptions in algorithmic trading and market data systems, says FSMLabs chief
Jesse Lund talks about real uses for DLT in the capital markets, lessons learned while rolling out IBM's blockchain platform, and what’s ahead for 2018, and into 2019.Subscribe to Weekly Wrap emails