It’s all go!
It is my godson’s birthday, blimey and my anniversary — he was chief bride’s little helper.
Forget half year, quarter and month end. Forget Greece *cough*
Before Big Ben (or whatever chimes your way) strikes midnight, dials will read 11:59:60 as clocks across the world hold their tocks for a second to allow the earth’s rotation to catch up with atomic time.
What could possibly go wrong?
The last time a second was added in 2012, Mozilla, Reddit, Foursquare, Yelp, LinkedIn, and StumbleUpon (nope, never stumbled upon it) all reported crashes, and there were problems with the Linux operating system and programmes written in Java. So far so good 😉
But then over 400 flights were grounded in Australia as the Qantas check-in system crashed.
While European stock markets will largely be closed, the poxy second’s change will affect trading floors in the US, Japan, Australia, New Zealand, South Korea and Singapore, to name a few.
True to form, Asian markets plan to trade as normal — and US exchanges are expected to down tools early.
Forex, of course, never sleeps — at least not Tuesdays — and with the increasing avalanche of algos, I am a tidge curious to see how many programmes are equipped to deal with the blip.
A leap of time — a leap of faith, what could remotely be achieved in that second to change its course?
Atomic time is constant, and therein lies the drift.