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The unending quest for low latency in electronic trading has pushed the bright promise of service-oriented architecture (SOA) out of much of the front office, where stream processing architectures now dominate.

SOA is a design philosophy, as opposed to a particular type of technology, which can save firms time and money by letting them reuse software. It offers great flexibility by allowing any application to interact with any other application and borrow pieces of code.

For example, a firm might

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