By Olivia Solon
GPS "spoofers" -- devices that create false GPS signals to fool receivers into thinking that they are at a different location or different time -- could be used to defraud financial institutions, according to Todd Humphreys from the University of Texas.
On an innocuous level, GPS spoofing can lead to the confusing of in-car GPS systems so that users think they are in a different location to their actual location. However, a more sinister use could be to interfere with the time-stamping systems used in high frequency trading.
Financial institutions depend on timing that is accurate to the microsecond on a global scale so that stock exchanges in, say, London and New York are perfectly synchronised. One of the main ways of doing this is through GPS, and major financial institutions will have a GPS antenna on their main buildings. "They are always visible because they need a clear view of the sky," Humphreys told Wired.co.uk.
texas, new york, london, university of texas, wired.co.uk, time-stamping systems, gps, todd humphreys, technology, navigation, satellite navigation systems, wireless, radio navigation, aerospace engineering, global positioning system, gps signals
174 days ago - FSM Labs
TimeKeeper Time Synchronization With Mellanox Interconnect Adapters Breaks Ground With High-Precision Time for NTP and PTP Messages on InfiniBand and Ethernet High-Speed Netwo...
6 days ago - Celoxica
London & New York 17 May 2013 — Celoxica, a leading provider of ultra low latency market data, order entry and pre trade risk solutions for high frequency trade...
News: LightPointe “Relay Hop” Wireless Bridge Provides Ultra Low Latency Backdoor Into Radio-Congested Cities
23 days ago - LightPointe Wireless
When a point-to-point radio link is not possible due to RF congestion or building rights issues, Gigabit capacity 4-beam Free Space Optics links provide spectrum bypass.San Di...
News: AOptix and Anova Technologies to Deliver Ultra-Low Latency Wireless Communications Network to Financial Markets
90 days ago - Anova Technologies
The two companies are building the first ultra-low latency wireless communications networks offering high bandwidth and carrier grade availability Campbell, Calif., ...