Direct Market Access – Hoa Soft

Altibase improved Hoa Soft’s DMA transaction speed, allowing ledger checking and stock transactions to be processed simultaneously.

Use Case: Direct Market Access (DMA)

Current Customers: IM Investment & Securities, Hana Daetoo Securities, and Shinhan Securities

Industry: Finance

Who

Hoa Soft is a leading Independent Software Vendor (ISV) that specializes in financial security solutions. Hoa Soft’s TOPS (a system for proprietary trading desk – prop desk) supports traders who manage the assets of many of the largest global securities firms.

Problem

Hoa Soft’s order transaction speed was too slow, and its ledger checking and ordering had to be processed simultaneously in order to improve order transaction speed. However, latency involved in ledger checking made concurrent processing impossible. Since transaction speeds had a direct impact on the validity of a stock exchange, in-memory DBMSs were considered for their high speed and ability to validate exchanges in real time. This would allow customers to control trading systems and cancel orders that exceed outstanding balances.

Solution

Hoa Soft employed Altibase in 2009. While a regular direct market access (DMA) order took anywhere between 20 and 50 milliseconds, a DMA order using Altibase in in-memory mode now takes between 1 and 5 milliseconds. DMA trade operation speed has improved significantly, allowing ledger checks and stock transactions to be processed simultaneously. As a result, DMA trading using Altibase has led to greater customer satisfaction.

Results

  • By using Altibase, it became possible to check customer ledgers in real time, yielding fastest transaction order speeds.
  • Customers were given the ability to place order using DMA, allowing significant time and cost savings for order processing.

 HOA Soft

Comments are closed.