Getting the message out – fast!
November 28, 2007
More and more, financial transactions require highly reliable, up-to-the-microsecond information. A newly released IBM product that originated in the Haifa Research Lab is providing traders, bankers, and investors with lightning-fast messaging and data capacities with no lag times for just that type of decision making.
The Reliable Multicast Messaging (RMM) technology, developed by the Messaging Technologies group in HRL, has just been released as IBM WebSphere MQ Low Latency Messaging 2.0. Originally available as part of IBM Websphere Front Office for Financial Markets and other IBM offerings, WebSphere MQ Low Latency Messaging is now available as a standalone product.
RMM is a high-throughput, low-latency transport technology developed at HRL for one-to-one, one-to-many, and many-to-many data exchanges in a message-oriented middleware publish/subscribe fashion. Until now, various versions of RMM have been embedded in a variety of IBM products. The technology is also at the heart of an OEM offering by Reuters, an IBM Business Partner that has already sought to harness the power of IBM WebSphere MQ Low Latency Messaging.
"It is indeed a happy event when a research project that has spent years in development matures into an IBM product," noted HRL director Oded Cohn, who also expressed his thanks to Messaging Technologies group manager Gidon Gershinsky and RMM team members Nir Naaman, Avi Harpaz, and Idan Zach. "Gidon has done a terrific job of leading, directing, and motivating a very professional and talented team through thick and thin. We are very proud of this accomplishment and see it as a source of inspiration to everyone in the lab."
Haifa researchers have been working on various versions of RMM since 1998. Prior to the current standalone release, the Haifa technology at the heart of the WebSphere MQ Low Latency Messaging system provided messaging capabilities for the IBM Event Broker and a number of other IBM products.
WebSphere MQ Low Latency Messaging is designed to help enterprises address the exponential explosion of data across the high velocity trading and analytic environments of financial markets. The IBM technology can deliver approximately one million 120-byte messages per second on Ethernet, close to three million 120-byte messages per second on InfiniBand, and more than 8 million smaller messages per second, all on common x86 servers. Testing has also measured very low latency of 30 microseconds for 120 byte messages delivered at 10,000 messages per second on InfiniBand or 61 microseconds on Ethernet.
WebSphere MQ Low Latency Messaging not only offers greatly enhanced performance and capability for market data distribution, but can also be leveraged in a broad range of messaging systems in the middle and back-offices of financial institutions for transaction and financial data.