Wednesday, 9 February 2011

The ultimate MOM?


I've never had faith in silver bullets ;-) but I have to admit that Solace (appliance-based) solution is very attractive for a pre-trade (but also post-trade) financial entreprise messaging system.

Pros
Because Solace use silicon instead of software for their "hub and spoke" oriented messaging solution (fully compliant with JMS standard, but with much more features) , there is no OS interrupts, context switching nor data copies between kernel and user space for the "hub" part.

I still didn't had the chance to evaluate it, but on the paper and according to some of my ex-colleagues that had made evaluations,  Solace looks like a kind of ultimate solution for financial entreprise messaging system.

"Reliable delivery with average latency of 22 microseconds at 1M msgs/sec", "Guaranteed delivery with average latency of 98 microseconds at 150,000 msgs/sec",  "10 million topics with support for multi-level, wild carded topics", "9,000 client connections"... (http://www.solacesystems.com/docs/solace_corporate-intro.pdf). Such figures make me dream and remind us that software can't win over hardware for those message-oriented middleware (MOM) use cases...

Their several white papers are very relevants and informatives. In particular, the one that explain how to build a single dealer platform 
(meaning: a web oriented application produced by an investment banking in order to allow all its clients to directly cope/deal with it). Oh Yes, because the future version of their appliance will also allow to bridge with http clients (one more killer feature ;-)

This particular white paper is available from here: http://www.solacesystems.com/solutions/financial-services/single-dealer-platform

Cons
More than the (high) price of such a solution, and even if it is increasingly used in some banks, perhaps risks regarding the sustainability of such hardware-based solutions that has to be lifted.

Indeed, what would happen if their (unique?) appliance production factory get burnt? how long would it take to Solace to replace this mass production to fulfill contracts, etc.?

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