Subsecond tsunamis and delays in decentralized electronic systems

Pedro D. Manrique, Minzhang Zheng, Zhenfeng Cao, David Dylan Johnson Restrepo, Pak Ming Hui, Neil F Johnson

Research output: Contribution to journalArticle

1 Citation (Scopus)

Abstract

Driven by technological advances and economic gain, society’s electronic systems are becoming larger, faster, more decentralized and autonomous, and yet with increasing global reach. A prime example are the networks of financial markets which-in contrast to popular perception-are largely all-electronic and decentralized with no top-down real-time controller. This prototypical system generates complex subsecond dynamics that emerge from a decentralized network comprising heterogeneous hardware and software components, communications links, and a diverse ecology of trading algorithms that operate and compete within this all-electronics environment. Indeed, these same technological and economic drivers are likely to generate a similarly competitive all-electronic ecology in a variety of future cyberphysical domains such as e-commerce, defense and the transportation system, including the likely appearance of large numbers of autonomous vehicles on the streets of many cities. Hence there is an urgent need to deepen our understanding of stability, safety and security across a wide range of ultrafast, large, decentralized all-electronic systems-in short, society will eventually need to understand what extreme behaviors can occur, why, and what might be the impact of both intentional and unintentional system perturbations. Here we set out a framework for addressing this issue, using a generic model of heterogeneous, adaptive, autonomous components where each has a realistic limit on the amount of information and processing power available to it. We focus on the specific impact of delayed information, possibly through an accidental shift in the latency of information transmission, or an intentional attack from the outside. While much remains to be done in terms of developing formal mathematical results for this system, our preliminary results indicate the type of impact that can occur and the structure of a mathematical theory which may eventually describe it.

Original languageEnglish (US)
Article number80
JournalElectronics (Switzerland)
Volume6
Issue number4
DOIs
StatePublished - Dec 1 2017

Fingerprint

Tsunamis
Ecology
Economics
Heterogeneous networks
Computer hardware
Telecommunication links
Electronic equipment
Controllers
Processing
Financial markets

Keywords

  • Competition
  • Complex systems
  • Computation
  • Electronics
  • Latency
  • Modeling
  • Ultra-fast networks

ASJC Scopus subject areas

  • Control and Systems Engineering
  • Signal Processing
  • Hardware and Architecture
  • Computer Networks and Communications
  • Electrical and Electronic Engineering

Cite this

Manrique, P. D., Zheng, M., Cao, Z., Johnson Restrepo, D. D., Hui, P. M., & Johnson, N. F. (2017). Subsecond tsunamis and delays in decentralized electronic systems. Electronics (Switzerland), 6(4), [80]. https://doi.org/10.3390/electronics6040080

Subsecond tsunamis and delays in decentralized electronic systems. / Manrique, Pedro D.; Zheng, Minzhang; Cao, Zhenfeng; Johnson Restrepo, David Dylan; Hui, Pak Ming; Johnson, Neil F.

In: Electronics (Switzerland), Vol. 6, No. 4, 80, 01.12.2017.

Research output: Contribution to journalArticle

Manrique, PD, Zheng, M, Cao, Z, Johnson Restrepo, DD, Hui, PM & Johnson, NF 2017, 'Subsecond tsunamis and delays in decentralized electronic systems', Electronics (Switzerland), vol. 6, no. 4, 80. https://doi.org/10.3390/electronics6040080
Manrique PD, Zheng M, Cao Z, Johnson Restrepo DD, Hui PM, Johnson NF. Subsecond tsunamis and delays in decentralized electronic systems. Electronics (Switzerland). 2017 Dec 1;6(4). 80. https://doi.org/10.3390/electronics6040080
Manrique, Pedro D. ; Zheng, Minzhang ; Cao, Zhenfeng ; Johnson Restrepo, David Dylan ; Hui, Pak Ming ; Johnson, Neil F. / Subsecond tsunamis and delays in decentralized electronic systems. In: Electronics (Switzerland). 2017 ; Vol. 6, No. 4.
@article{d836313a76434184ab72395ec56e7ca8,
title = "Subsecond tsunamis and delays in decentralized electronic systems",
abstract = "Driven by technological advances and economic gain, society’s electronic systems are becoming larger, faster, more decentralized and autonomous, and yet with increasing global reach. A prime example are the networks of financial markets which-in contrast to popular perception-are largely all-electronic and decentralized with no top-down real-time controller. This prototypical system generates complex subsecond dynamics that emerge from a decentralized network comprising heterogeneous hardware and software components, communications links, and a diverse ecology of trading algorithms that operate and compete within this all-electronics environment. Indeed, these same technological and economic drivers are likely to generate a similarly competitive all-electronic ecology in a variety of future cyberphysical domains such as e-commerce, defense and the transportation system, including the likely appearance of large numbers of autonomous vehicles on the streets of many cities. Hence there is an urgent need to deepen our understanding of stability, safety and security across a wide range of ultrafast, large, decentralized all-electronic systems-in short, society will eventually need to understand what extreme behaviors can occur, why, and what might be the impact of both intentional and unintentional system perturbations. Here we set out a framework for addressing this issue, using a generic model of heterogeneous, adaptive, autonomous components where each has a realistic limit on the amount of information and processing power available to it. We focus on the specific impact of delayed information, possibly through an accidental shift in the latency of information transmission, or an intentional attack from the outside. While much remains to be done in terms of developing formal mathematical results for this system, our preliminary results indicate the type of impact that can occur and the structure of a mathematical theory which may eventually describe it.",
keywords = "Competition, Complex systems, Computation, Electronics, Latency, Modeling, Ultra-fast networks",
author = "Manrique, {Pedro D.} and Minzhang Zheng and Zhenfeng Cao and {Johnson Restrepo}, {David Dylan} and Hui, {Pak Ming} and Johnson, {Neil F}",
year = "2017",
month = "12",
day = "1",
doi = "10.3390/electronics6040080",
language = "English (US)",
volume = "6",
journal = "Electronics (Switzerland)",
issn = "2079-9292",
publisher = "Multidisciplinary Digital Publishing Institute (MDPI)",
number = "4",

}

TY - JOUR

T1 - Subsecond tsunamis and delays in decentralized electronic systems

AU - Manrique, Pedro D.

AU - Zheng, Minzhang

AU - Cao, Zhenfeng

AU - Johnson Restrepo, David Dylan

AU - Hui, Pak Ming

AU - Johnson, Neil F

PY - 2017/12/1

Y1 - 2017/12/1

N2 - Driven by technological advances and economic gain, society’s electronic systems are becoming larger, faster, more decentralized and autonomous, and yet with increasing global reach. A prime example are the networks of financial markets which-in contrast to popular perception-are largely all-electronic and decentralized with no top-down real-time controller. This prototypical system generates complex subsecond dynamics that emerge from a decentralized network comprising heterogeneous hardware and software components, communications links, and a diverse ecology of trading algorithms that operate and compete within this all-electronics environment. Indeed, these same technological and economic drivers are likely to generate a similarly competitive all-electronic ecology in a variety of future cyberphysical domains such as e-commerce, defense and the transportation system, including the likely appearance of large numbers of autonomous vehicles on the streets of many cities. Hence there is an urgent need to deepen our understanding of stability, safety and security across a wide range of ultrafast, large, decentralized all-electronic systems-in short, society will eventually need to understand what extreme behaviors can occur, why, and what might be the impact of both intentional and unintentional system perturbations. Here we set out a framework for addressing this issue, using a generic model of heterogeneous, adaptive, autonomous components where each has a realistic limit on the amount of information and processing power available to it. We focus on the specific impact of delayed information, possibly through an accidental shift in the latency of information transmission, or an intentional attack from the outside. While much remains to be done in terms of developing formal mathematical results for this system, our preliminary results indicate the type of impact that can occur and the structure of a mathematical theory which may eventually describe it.

AB - Driven by technological advances and economic gain, society’s electronic systems are becoming larger, faster, more decentralized and autonomous, and yet with increasing global reach. A prime example are the networks of financial markets which-in contrast to popular perception-are largely all-electronic and decentralized with no top-down real-time controller. This prototypical system generates complex subsecond dynamics that emerge from a decentralized network comprising heterogeneous hardware and software components, communications links, and a diverse ecology of trading algorithms that operate and compete within this all-electronics environment. Indeed, these same technological and economic drivers are likely to generate a similarly competitive all-electronic ecology in a variety of future cyberphysical domains such as e-commerce, defense and the transportation system, including the likely appearance of large numbers of autonomous vehicles on the streets of many cities. Hence there is an urgent need to deepen our understanding of stability, safety and security across a wide range of ultrafast, large, decentralized all-electronic systems-in short, society will eventually need to understand what extreme behaviors can occur, why, and what might be the impact of both intentional and unintentional system perturbations. Here we set out a framework for addressing this issue, using a generic model of heterogeneous, adaptive, autonomous components where each has a realistic limit on the amount of information and processing power available to it. We focus on the specific impact of delayed information, possibly through an accidental shift in the latency of information transmission, or an intentional attack from the outside. While much remains to be done in terms of developing formal mathematical results for this system, our preliminary results indicate the type of impact that can occur and the structure of a mathematical theory which may eventually describe it.

KW - Competition

KW - Complex systems

KW - Computation

KW - Electronics

KW - Latency

KW - Modeling

KW - Ultra-fast networks

UR - http://www.scopus.com/inward/record.url?scp=85032013903&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=85032013903&partnerID=8YFLogxK

U2 - 10.3390/electronics6040080

DO - 10.3390/electronics6040080

M3 - Article

AN - SCOPUS:85032013903

VL - 6

JO - Electronics (Switzerland)

JF - Electronics (Switzerland)

SN - 2079-9292

IS - 4

M1 - 80

ER -