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Altibase announced that ATP - Tradesoft, a leading financial solutions provider in Turkey, has achieved accelerated stock order processing by replacing its XFront OMS (Order Management System) database management system (DBMS) with Altibase. 

This strategic move allowed ATP Tradesoft to capture approximately 40% of the market share in Turkey's financial stock order management system.

ATP - Tradesoft, a prominent software development company in Istanbul, Turkey, specializes in providing technology solutions and services for various industries, including finance, banking, and stock markets. It is renowned for offering advanced technological solutions such as trading platforms, risk management systems, order management systems, and data analytics tools, establishing itself as a frontrunner in Turkey's financial market.

The previous version of ATP - Tradesoft's XFront OMS faced a limitation where stock order transmission through the legacy DBMS took around 200 milliseconds. To overcome this challenge, the next-generation version integrated Altibase, resulting in an impressive improvement, with stock order transmission taking less than 10 milliseconds. Moreover, the high-speed order processing capabilities of XFront OMS now allow ATP - Tradesoft to provide its customers with a favorable buying and selling trading system. Leveraging the platform powered by Altibase, the company can handle millions of order executions per second through compatible modules and engines.

Altibase’s Global Sales Director, Richard Nahm, expressed, "The outstanding performance of Altibase DBMS has been proven in Turkey's financial market, solidifying Altibase's leading position in the global market. In the future, by combining ATP - Tradesoft's efficient solutions with Altibase's robust database technology, we will continue to achieve sustained success in financial markets, not only in Asia but also in Europe."

Source: ZDNet - https://zdnet.co.kr/view/?no=20230718161031

Reporter: Nam Hyuk-Woo