My comments about
1. A million times a second... etc

Were from about 30 years ago, before optimization improved.

I know that the "hot" instruction for MQ on z/OS that showed up in
profiling,  was the Load/Update Address of the next free slot in the trace
buffer in ECSA.
When there were many concurrent threads using MQ trace, they all used this
field.  Sometimes the field was on the same chip.  Sometimes it was in a
different "book"  (and so the time to get this field was 1000 times the
duration if it was in the same CPU)
By giving each TCB its own trace buffer this hotspot disappeared!

The compiler could not optimize this. Only a change of design could fix it.

Colin

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