A leap second will be added to UTC at 23:59:60 tonight.
The earth’s rotation is slowing down because of the tides and the moon. When (and how) did astronomers first realize this?
As I understand the graph at
leap seconds were added whenever there is a vertical spike in the graph.
So, why is the earth’s rotation so erratic? Leap seconds occurred about every 12-18 months in the nineties, then there was a seven year gap from 1999 to 2006. If I read the graph correctly, between 1999 and 2006, the earth was spinning faster than it was between 1992 and 1999. In fact, where the line slope is positive, the earth was spinning faster than it was in the year 1900, which is the base year for the definition of one second of time.
Perhaps there were more earthquakes in 1999-2006? Earthquakes can speed up the rotation of the earth if the crust “settles” and thus comes closer to the center of the earth.
Since some of the various financial markets have gone entirely electronic since the last leap second some changes to the day’s schedule are being made.
[QUOTE=TD Ameritrade]
Modified Market Hours for June 30 Leap Second: Today, Tuesday, June 30, extended equity sessions and futures market openings will be modified to allow the exchanges to adapt to a Leap Second that will be added to the Coordinated Universal Time (UTC). Modified Market Hours for Tuesday, June 30, 2015: Equities: After-market equities extended-hours trading session will close 30 minutes early, at 7:30 p.m. ET. CME Futures: CME futures trading will have Pre-Open for all markets at 8:30 p.m. ET, and will open at 8:45 p.m. ET. ICE U.S. Futures: The following ICE U.S. Futures will have Pre-Open at 8:05 p.m. ET, and will open at 8:10 p.m. ET: Mini Gold, Mini Silver, Russel 2000, U.S. Dollar Index. Soft Futures will open at their regular trading time. VIX Futures: VIX Futures will have a 15-minute trading halt at 7:55 p.m. ET and will reopen at 8:10 p.m. ET. Forex: Forex will trade as normal, uninterrupted. If you have any questions, please call Client Services 24/7 at 800-669-3900.
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