Feeling The Heat Of High-Frequency Trading

It’s high summer here in North America, and for a lot of us, this one has been a scorcher. Media reports have been filled with coverage of heat wave after heat wave, with temperature records falling like dominoes.

But as they say, it’s not the heat, it’s the humidity, and that was painfully true in the first week of July as a slug of tropical air settled into the northeast United States. With dewpoints well into the 70s (25°C plus) and air temperatures pushing the century-mark (38°C), people suffered and systems from transportation to the electrical grid strained under the load. But as punishing as such soupy conditions are for people, there are other effects that are less well known but of critical importance to financial markets, where increased humidity can lead to billion-dollar losses for markets. Welcome to the weird world of high-frequency trading.

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The Hot And Cold Of Balanced Audio

A few summers of my misspent youth found me working at an outdoor concert venue on the local crew. The local crew helps the show’s technicians — don’t call them roadies; they hate that — put up the show. You unpack the trucks, put up the lights, fly the sound system, help run the show, and put it all back in the trucks at the end. It was grueling work, but a lot of fun, and I got to meet people with names like “Mister Dog Vomit.”

One of the things I most remember about the load-in process was running the snakes. The snakes are fat bundles of cables, one for audio and one for lighting, that run from the stage to the consoles out in the house. The bigger the snakes, the bigger the show. It always impressed me that the audio snake, something like 50 yards long, was able to carry all those low-level signals without picking up interference from the AC thrumming through the lighting snake running right alongside it, while my stereo at home would pick up hum from the three-foot long RCA cable between the turntable and the preamp.

I asked one of the audio techs about that during one show, and he held up the end of the snake where all the cables break out into separate connectors. The chunky silver plugs clinked together as he gave his two-word answer before going back to patching in the console: “Balanced audio.”

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How—And Why—To Avoid Tolerance Stacking In Your Technical Drawings

If you want to have your part designs fabricated, you’re going to need to provide the manufacturer with a technical drawing. Yes, 3D printers and many modern machine tools rely on toolpaths created from 3D models. But, there is a good chance the manufacturer will be recreating the 3D model in their own system, instead of using the one you provided. Or, they may use traditional manual machining and not touch a 3D model at all. More importantly, the technical drawing gives them vital information on how closely they need to adhere to your dimensions in order for you to accept the parts.

On a technical drawing, the dimension that you want is called the nominal. But, no manufacturing is ever perfect, so you have to allow some wiggle room in what you’ll accept. That wiggle room is called tolerance. Maybe your part could be a little longer than specified and it wouldn’t affect the functionality. Maybe it could be a little shorter—or either. Specifying a tolerance is necessary, because it tells the manufacturer exactly how much wiggle room you’re giving them.

But, tolerances can introduce unforeseen consequences if you’re not careful. The wiggle room provided by tolerances is absolutely necessary, but if you don’t use them properly you can easily end up with unusable parts, even if the manufacturer followed your instructions to the letter. That usually happens because you have multiple tolerances being added together, which is called tolerance stacking.

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Profiles In Science: Jack Kilby And The Integrated Circuit

Sixty years ago this month, an unassuming but gifted engineer sitting in a lonely lab at Texas Instruments penned a few lines in his notebook about his ideas for building complete circuits on a single slab of semiconductor. He had no way of knowing if his idea would even work; the idea that it would become one of the key technologies of the 20th century that would rapidly change everything about the world would have seemed like a fantasy to him.

We’ve covered the story of how the integrated circuit came to be, and the ensuing patent battle that would eventually award priority to someone else. But we’ve never taken a close look at the quiet man in the quiet lab who actually thought it up: Jack Kilby.

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Philo Farnsworth, RCA, And The Battle For Television

The parenthood of any invention of consequence is almost never cut and dried. The natural tendency to want a simple story that’s easy to tell — Edison invented the light bulb, Bell invented the telephone — often belies the more complex tale: that most inventions have uncertain origins, and their back stories are often far more interesting as a result.

Inventing is a rough business. It is said that a patent is just a license to get sued, and it’s true that the determination of priority of invention often falls to the courts. Such battles often pit the little guy against a corporate behemoth, the latter with buckets of money to spend in making the former’s life miserable for months or years. The odds are rarely in the favor of the little guy, but in few cases was the deck so stacked against someone as it was for a young man barely out of high school, Philo Farnsworth, when he went up against one of the largest companies in the United States to settle a simple but critical question: who invented television?

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How Etak Paved The Way To Personal Navigation

Our recent “Retrotechtacular” feature on an early 1970s dead-reckoning car navigation system stirred a memory of another pre-GPS solution for the question that had vexed the motoring public on road trips into unfamiliar areas for decades: “Where the heck are we?” In an age when the tattered remains of long-outdated paper roadmaps were often the best navigational aid a driver had, the dream of an in-dash scrolling map seemed like something Q would build for James Bond to destroy.

And yet, in the mid-1980s, just such a device was designed and made available to the public. Dubbed Etak, the system was simultaneously far ahead of its time and doomed to failure by the constellation of global positioning satellites being assembled overhead as it was being rolled out. Given the constraints it was operating under, Etak worked very well, and even managed to introduce some of the features of modern GPS that we take for granted, such as searching for services and businesses. Here’s a little bit about how the system came to be and how it worked.

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Move Aside Mercury: Measuring Temperature Accurately With An RTD

Temperature is one of the most frequently measured physical quantities, and features prominently in many of our projects, from weather stations to 3D printers. Most commonly we’ll see thermistors, thermocouples, infrared sensors, or a dedicated IC used to measure temperature. It’s even possible to use only an ordinary diode, leading to some interesting techniques.

Often we only need to know the temperature within a degree Celsius or two, and any of these tools are fine. Until fairly recently, when we needed to know the temperature precisely, reliably, and over a wide range we used mercury thermometers. The devices themselves were marvels of instrumentation, but mercury is a hazardous substance, and since 2011 NIST will no longer calibrate mercury thermometers.

A typical Pt100 RTD probe

Luckily, resistance temperature detectors (RTDs) are an excellent alternative. These usually consist of very thin wires of pure platinum, and are identified by their resistance at 0 °C. For example, a Pt100 RTD has a resistance of 100 Ω at 0 °C.

An accuracy of +/- 0.15 °C at 0 °C is typical, but accuracies down to +/- 0.03 °C are available. The functional temperature range is typically quite high, with -70 °C to 200 °C being common, with some specialized probes working well over 900 °C.

It’s not uncommon for the lead wires on these probes to be a meter or more in length, and this can be a significant source of error. To account for this, you will see that RTD probes are sold in two, three, and four wire configurations. Two-wire configurations do not account for lead wire resistance, three-wire probes account for lead resistance but assume all lead wires have the same resistance, and four-wire configurations are most effective at eliminating this error.

In this article we’ll be using a 3-wire probe as it’s a good balance between cost, space, and accuracy. I found this detailed treatment of the differences between probe types useful in making this decision.

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