OM Technology has released the results of a benchmarking exercise of its OneWorld Settlement system, demonstrating the capacity to settle more than 500,000 trades per day.
Launched in 1998, the Windows-based system supports trade processing and settlement facilities for a wide range of equity and debt instruments and provides interfaces to external parties such as clearing houses, exchanges and confirmation networks
The benchmarking exercise was carried out at the IBM France performance testing site using an IBM S80-Unix server and an Oracle version 7.3.4 database. The test simulated real world settlement conditions, employing large amounts of client data. Over the week-long exercise, OneWorld Settlement proved capable of handling more than 52,000 trades per hour, claims OM.
William Payne, president, securities systems, OM Technology says changes to forthcoming releases of the software will take daily trade throughput higher still.
Andrew Campbell, director, settlements group, adds: "What people need to know is that these numbers were achieved on a rules-driven system that can be quickly and easily installed."