Stock broking company HDFC Securities has deployed Oracle SuperCluster and accelerated throughput performance by 3x, increased online trading speed by up to 60 percent, and produced reports 67 percent faster while reducing risk and cutting data center costs.
Oracle SuperCluster has enabled HDFC Securities company to achieve better performance and secure online trading platform to meet the time-critical requirements of the financial market.
With 1.9 million customers, HDFC Securities estimates a 2.5x increase in daily trade transactions and expects to double concurrent users over the next three years.
Following the deployment, HDFC Securities consolidated 30 servers and two storage systems onto a single Oracle SuperCluster.
Oracle SuperCluster enabled HDFC Securities to process more than 200,000 trade transactions at peak hours and has achieved subsecond response times for more than 10,000 concurrent users.
HDFC Securities has also reduced the trade settlement batch processing time making it 3x to 5x faster.
The securities company has experienced near 100 percent uptime during trading hours since implementation, and the system has had no single point of failure.
“Oracle SuperCluster offered the highest level of efficiency for our online trading platform where 100 percent uptime is essential. Our staff can also confidently commit to our customers because they know they can deliver,” said Vivek Joshi, head – Information Technology, HDFC Securities.