DA platform can process 27,000 trades per second
23 October 2018 New York
Image: Shutterstock
GFT, global provider of business, IT, and software services to the financial services community, has revealed that the Digital Asset (DA) Platform can processes upward of 27,000 trades per second for a sustained period of time.
Achieving this level of performance demonstrates that the DA Platform is capable of supporting the throughput of enterprise applications used by financial institutions, according to GFT.
GFT said the platform has processed more than four times the amount of trades per second than the latest DLT prototype developed by DTCC.
In order to ensure objectivity during the performance review, DA provided GFT with access to the DA Platform鈥檚 code base.
It also provided a production-like environment to stimulate a typical trade day for a cash equities market and a real-time market stimulation based on historical data.
Meanwhile, a series of test scripts were then run to verify the throughput was capable of supporting 27,000 trades per second, which equates to approximately 81,000 DLT transaction updates per second.
Blythe Masters, CEO of Digital Asset, said: 鈥淕FT鈥檚 performance test demonstrates the throughput capacity of the DA Platform can meet the demands of major markets.鈥�
鈥淲e are delighted that GFT鈥檚 findings have validated that the highest standards of integrity and privacy do not sacrifice performance. We are very optimistic about what this outcome will mean for the industry at large.鈥�
David Collins, head of GFT鈥檚 Atlantic region, concluded: 鈥淕FT鈥檚 goal is to continually drive innovation throughout the financial services sector and DLT is a key part of this strategy.鈥�
鈥淲e believe the rigor of the test scenarios construction and in the level of performance achieved demonstrates the DA Platform can handle peak trade volumes seen in US equities markets and scale to satisfy the performance requirements of large-scale financial institutions.鈥�
鈥淭he results of our performance tests will generate new opportunities for our respective firms and we look forward to working closely with Digital Asset to accelerate the adoption of what we believe is a completely transformative capability for the business.鈥�
Achieving this level of performance demonstrates that the DA Platform is capable of supporting the throughput of enterprise applications used by financial institutions, according to GFT.
GFT said the platform has processed more than four times the amount of trades per second than the latest DLT prototype developed by DTCC.
In order to ensure objectivity during the performance review, DA provided GFT with access to the DA Platform鈥檚 code base.
It also provided a production-like environment to stimulate a typical trade day for a cash equities market and a real-time market stimulation based on historical data.
Meanwhile, a series of test scripts were then run to verify the throughput was capable of supporting 27,000 trades per second, which equates to approximately 81,000 DLT transaction updates per second.
Blythe Masters, CEO of Digital Asset, said: 鈥淕FT鈥檚 performance test demonstrates the throughput capacity of the DA Platform can meet the demands of major markets.鈥�
鈥淲e are delighted that GFT鈥檚 findings have validated that the highest standards of integrity and privacy do not sacrifice performance. We are very optimistic about what this outcome will mean for the industry at large.鈥�
David Collins, head of GFT鈥檚 Atlantic region, concluded: 鈥淕FT鈥檚 goal is to continually drive innovation throughout the financial services sector and DLT is a key part of this strategy.鈥�
鈥淲e believe the rigor of the test scenarios construction and in the level of performance achieved demonstrates the DA Platform can handle peak trade volumes seen in US equities markets and scale to satisfy the performance requirements of large-scale financial institutions.鈥�
鈥淭he results of our performance tests will generate new opportunities for our respective firms and we look forward to working closely with Digital Asset to accelerate the adoption of what we believe is a completely transformative capability for the business.鈥�
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