In a study released earlier this month, “U.S. Equity Technology 2010: The Sell Side Perspective,” Tabb Group senior analyst Kevin McPartland noted that all bulge bracket firms are “currently either using some form of hardware acceleration or are investigating its use.”
“Third-party middleware products have reached a level of sophistication that the cost required to build a better, faster solution in-house are often hard to justify,” McPartland told Securities Industry News. “However, legacy platforms that were born before the current crop of middleware products, and systems based on paradigms different than those used to create traditional messaging middleware do and will continue to exist.”