Check out our Message Medium blog to find out what’s going on in the hardware-accelerated, low-latency messaging world.
March 31, 2009 at 3:00 pm
We recently made an announcement about our joining the Advanced Message Queuing Protocol (AMQP) working group. Our focus is on the end game: fundamentally changing middleware. AMQP represents a movement in that direction. Like comparable endeavors, this is and will be a continual process. Expect more changes as companies adopt and AMQP is road tested, which, of course, is a normal part of the process.
We’ve made the case here many times against legacy messaging architectures, but it’s just as true with their queuing system alter-egos. We also continue to argue that messaging has to go through the same critical transition to hardware as network systems did. AMQP (no pun intended) is queued up for that. The biggest challenge is not whether adoption will occur, but how quickly it will happen. That’s an important variable. Hyper-efficiency and blazing speed may well be the recipe for faster market adoption, but it’s going to take some hardware acceleration to bake it.
=rob.ciampa
March 28, 2009 at 7:00 am
Recently, I had the opportunity to attend the quarterly Financial Information Forum (FIF) event entitled “Doing More with Less” at Thomson Reuters in Times Square in New York. The session opened (in typical FIF fashion) with market data statistics, which were presented by Chris Perry of Thomson Reuters and Manisha Kimmel of FIF. Recession aside, we we’re still seeing impressive market data growth. (Can someone please tell the market we’re in a damn recession and stop producing so much data? Kidding, our course. We at Tervela thrive on this.)
The follow-on panel was moderated by the esteemed Tom Jordan, President & CEO, of Jordan & Jordan. Practitioners in the hot seats, whom I compliment on their honesty, included:
- Brett Redfearn, Global Head of Liquidity & Algorithmic Trading, J.P. Morgan
- Madalena Sheehan, Executive Director, Global Wealth Management, Morgan Stanley
- Dan Weingarten, Senior Vice President and Co-Director of Global Sales and Marketing, Penson Worldwide
My takeaway was about efficiency: in how we operate, in how we process data, in how we work with our partners, in how we continue to make our customers happy. Though certainly an important tactic, I’d much rather be an organization that’s already up the efficiency curve. As AIG and GM are proving, it’s not a great time to retool. But we also heard how volatility and increasing volumes are having an adverse effect on trading systems. The panelists described the unerasable link between business and technology. They discussed their concerns about the risk of technical outages. Think about the link: technical outage = business outage. Obvious? Of course, but just make sure your movement to efficiency doesn’t leave you vulnerable.
=rob.ciampa
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