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Vedder Thinking | News Sam Tyfield Discusses the Challenges of the Atomic Clock for Automated Trading Companies in Financial Times Article

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Sam Tyfield, a Partner in Vedder Price’s London office and member of the firm’s Finance & Transactions and Investment Services groups was recently quoted in the Financial Times article, “ICE Turns to Atomic Clock for Time-Stamping Trades.” The article discusses the shift to using the atomic clock to help track activity accurately in this era of hyper fast financial market trading where firms can execute hundreds of orders in just the blink of an eye. In an effort to stay in touch with automated trading, Europe has now mandated that traders and venues timestamp deals accurately against standard Coordinated Universal Time.

Mr. Tyfield commented on the challenges that using an atomic clock might pose for automated trading companies. “One real challenge will be to ensure that every piece of software and hardware in one’s system knows that a time stamp is the first thing it needs to get done - not run through other commands first,” he said. “There’s also a bigger issue in having a potential single point of weakness in a system. If one has a primary connection to a clock off which all other clocks in the system run, and that clock goes down, there’s a problem.”

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Sam Tyfield