The Futures Industry Association’s (FIA) Market Technology Division (MTD) published a report of recommendations to prepare the industry for the leap second event on June 30.

A leap second is the addition of an extra second at the end of the day to realign the Coordinated Universal Time standard with mean solar time. Periodically adding the leap second corrects for irregularities in the earth’s rate of rotation.
Continue Reading FIA Market Technology Division Releases Recommendations to Prepare for Leap Second Event