The Traderszone Network

Published in TZ Latest News 7 July, 2016 by The TZ Newswire Staff

Legendary Hedge Fund Wants to Use Atomic Clocks to Beat High-Speed Traders

By Miles Weiss and Zachary Mider, Bloomberg News Patent application no. 14/451,356 has one goal: to outrun the speed demons of Wall Street. The 16-page document was quietly published by the U.S. Patent and Trademark Office in February. Replete with schematic drawings, the filing describes a novel way for “executing synchronized trades in multiple exchanges.” The invention consists of not only sophisticated algorithms and a host of computer servers, but atomic clocks — precisely calibrated to vibrations of irradiated cesium atoms…