Messaging for Capital Markets

Two Camps Emerge (Analyst Insight)

Publication Date	July 2009
Publisher	Datamonitor
Product Type	Brief
Pages	30
ISBN Number	not applicable
Product Code	DAT15302

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Summary

Introduction

This report looks at the two divergent strategies of accelerating messaging for low latency with FPGAs or of using new architectures in software-only solutions, discussing their relative merits

Scope

Messaging technology
Capital markets

Highlights

The current stage in the evolution of low-latency messaging technology is that of a confrontation between software-only or FPGA-accelerated appliances, but this phase itself looks transitory. Nehalem and the increasingly robust 10GbE make RDMA look ever more promising for the longer term.

Reasons to Purchase

Gain insight into how vendors are seeking to accelerate messaging for the capital markets
See where the next trend will be, beyond FPGAs

Content

Datamonitor View
Catalyst
Summary
Introduction
Solace and Tervela LED in Hardware Acceleration for Messaging
29west Is The Standard-Bearer for The Software-Only Approach
Analysis
The Hardware Camp
Solace
Tervela
Tibco
The Software Camp
29west
Further Acceleration with Celoxica
Ldma and Rdma
Ibm
Rti
Nyse Technologies
Ticker Plant Vendors Are Also Going The Appliance Route
Exegy
Redline Trading
Activ Financial
Conclusion
- APPENDIX
Definitions
10 Gigabit Ethernet (10gbe)
Api
Cell Chip
Cots
Cpu
C2hdl/C-to-Hdl
Daemon
Dapl (Pron. "dapple")
Datapath
Dds
Fast
Feed Handler
Fix
Fpga
Gpu
Hdl
Infiniband
Jitter
Latency
Ldma and Rdma
Middleware
Mom
Multicast
Nehalem
Network Processor
NIC
Opra
Rds
Sdp
Software Stack
Tcp
Ticker Plant
Udp
Unicast
Verilog
XML
Methodology
Further Reading
Ask The Analyst
Datamonitor Consulting
Disclaimer
List of Figures
- Figure 1: Hub-and-spoke architecture for messaging
- Figure 2: Tervela's Neighbor-based Messaging
- Figure 3: Peer-to-peer architecture for messaging