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An application for a patent was published by the U.S. Patent and Trademark Office in February. The document, as reported by Bloomberg today, described an innovative way for executing synchronised trades in multiple exchanges, consisting of sophisticated algorithms, a host of computer servers and atomic clocks meticulouly calibrated to vibrations of irradiated cesium atoms to sync orders to within a few billionths of a second.
If the invention fulfills its promises, one of the most renowned names in the hedge-fund business could gain exclusive U.S. rights to a tool capable of foiling the most predatory of high-speed traders.
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