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
News: Cielo Networks, Inc. Announces SkyLink CGX -- The World's First Commercial Microwave Radio IDU Designed Exclusively for Use in Extremely Low Latency Trading Network Applications
1344 days ago,(2013/07/19) - Cielo Networks, Inc.
The successor to the market leading SkyLink CG microwave radio modem, SkyLink CGX sets new benchmarks for extreme low latency transmission performance and integrated end to...
536 days ago,(2015/10/06) - Celoxica
Delivering small footprint & high message volume processing for multiple markets at ultra-low latency London and New York, 5 October 2015: Celoxica, the leading pro...
521 days ago,(2015/10/20) - Neonet Securities AB
Continues to expand liquidity access for clients trading larger size orders Stockholm, London 19th October 2015. Neonet, the independent agency broker and executio...
News: Volante Technologies supports Fintech startup IWIAfrica’s integration into the financial market
560 days ago,(2015/09/11) - Volante Technologies
Enabling the SWIFT Innotribe finalist to accelerate global market access using Volante’s out-of-the-box Volante Product suite for transforming financial messages ...
News: Altera and Lime Microsystems Team Up to Accelerate and Simplify the Development of Wireless Networks
1011 days ago,(2014/06/17) - Altera
• Strategic Cooperation Agreement to yield combined programmable RF and FPGA solutions and joint marketing, sales, and technical support activities w...