In many areas of software development, latency is treated as a performance metric that can be improved over time. In parts of financial infrastructure, latency is handled differently. It is often a fixed constraint that shapes system design from the outset. Trading, risk evaluation, and market connectivity systems operate under strict timing requirements. They are expected to behave consistently under load, during peak market activity, and when components fail. Variability in these conditions is treated as risk, not just inefficiency. This helps explain why C++ still shows up in latency-sensitive parts of financial systems, even as newer languages are adopted elsewhere. Latency and Predictability In trading systems I’ve worked on, average latency was rarely the metric that caused incidents. The problems showed up in the tail. Systems that looked fine on paper would occasionally stall for a few milliseconds, and that was enough to miss an execution window or trigger a chain of retries downstream. Because of that, we tracked p99 and p99.9 far more closely than mean response time. A delay that happens once in ten thousand requests sounds harmless until it lines up with market volatility or peak message flow. When that happened, the impact was visible almost immediately in pricing gaps or reconciliation noise. Short pauses were often more damaging than consistently slower code. A predictable 20 microseconds could be planned around. An unexpected 2 millisecond pause could not. Variability ended up being treated as a reliability problem, not a performance optimization issue. C++ made those incidents easier to untangle. When latency jumped, it was rarely a mystery for long. In one case it was an allocation that had quietly crept into a hot path. In another, a layout change pushed a structure just far enough to blow cache locality. More than once it came down to a configuration flag that passed testing and then behaved very differently under sustained load. The system was never simple, but when it went wrong, there was usually a concrete place to start looking. Measuring What Matters Understanding latency behavior requires instrumentation that introduces minimal overhead. Engineers commonly wrap critical paths with low-level timing mechanisms such as monotonic clocks or CPU timestamp counters and collect large samples over extended runs. The goal is not to demonstrate that a system is fast in ideal conditions, but to understand how it behaves when conditions are less favorable. Stable distributions and consistent tail behavior are often more important than peak throughput. These measurement practices align well with compiled systems where the cost of instrumentation and the effects of optimizations are easier to isolate. Where C++ Is Typically Used Most financial platforms are not built around a single language. Different layers have different tolerance for variability, and teams tend to choose tools accordingly. C++ commonly appears in components that sit close to execution paths, such as: Order matching and market connectivity systemsLow-latency pricing and quoting enginesRisk checks that must complete within fixed time budgets Order matching and market connectivity systems Low-latency pricing and quoting engines Risk checks that must complete within fixed time budgets In these areas, even small sources of nondeterminism can be problematic, and the additional control offered by C++ is often considered worth the development cost. Why Not Other Languages Other languages play important roles in financial systems, but often in different parts of the stack. Java is widely used for middleware and business logic, where throughput and maintainability matter more than tight latency bounds. Modern garbage collectors have improved significantly, but pauses are still a consideration in time-critical paths. Rust enters these systems in small, contained places. It is often introduced where memory issues have already caused problems, and the blast radius can be controlled. In long-running environments, changes move slowly. Tooling, on-call procedures, and code paths that have behaved predictably for years are rarely replaced all at once. Go and Python typically end up further away from execution. They are brought in where iteration speed matters and where latency problems surface as inconvenience rather than failure. Delays in these layers are noticeable, but they do not usually decide whether an order makes it to the market or arrives too late. In practice, many financial systems use a combination of these languages rather than attempting to standardize on one. Deployment and Infrastructure Changes The way these systems run has changed over time, even if the constraints have not. Years ago, most low-latency C++ services lived directly on bare metal and stayed there. Today they often sit next to containerized services, shared clusters, and cloud-managed components. That coexistence is real, but it has limits. In practice, latency-sensitive pieces still get special treatment. Even when they share the same deployment environment, they are isolated in different ways. CPU pinning, memory policies, and network paths are handled more carefully. The surrounding services can tolerate variability. The execution path cannot. n practice, this is why change happens slowly. Big rewrites are avoided not because teams lack ideas, but because the blast radius of a mistake is obvious. New tools and language features tend to appear first in places that can fail without taking the system down. Those areas are easier to watch, easier to roll back, and cheaper to learn from. Only after something has survived real traffic does it earn a place closer to the execution path. That pattern hasn’t gone away with containers or the cloud. It has simply become more visible. Modern C++ in Financial Systems Newer versions of C++ have added safer primitives, better structure, and more expressive concurrency tools. In financial systems, those changes tend to arrive quietly rather than all at once. Teams adopt them where the behavior is already well understood and where failure modes are familiar. The goal is rarely to use a feature simply because it exists. What matters more is whether it fits into code that has been running for years and can still be reasoned about under pressure. Engineers care about whether a change makes behavior easier to trace, not whether it looks modern on paper. As a result, progress looks uneven from the outside. Some components stay conservative for a long time. Others move faster once they have proven stable. That tradeoff is deliberate. In these environments, predictability usually wins over novelty. Conclusion C++ persists in parts of financial infrastructure not because of tradition alone, but because the constraints of those systems have remained largely unchanged. Predictable execution, tight latency bounds, and debuggable behavior continue to matter in environments where timing directly affects outcomes. As long as those constraints remain central, the technologies closest to execution are likely to evolve slowly. Higher-level languages will continue to shape surrounding layers, but C++ is likely to remain present where control and predictability are treated as requirements rather than optimizations.

The is an opinion piece based on the author’s POV and does not necessarily reflect the views of HackerNoon.

This story contains AI-generated text. The author has used AI either for research, to generate outlines, or write the text itself. 

Why Low Latency Financial Systems Still Favor Determinism

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