HDFC Securities (HSL), a leading stock broking company, today said that it has implemented Oracle SuperCluster to help ensure high availability for its online trading platform and support its rapidly growing customer base and daily transaction load. The company had purchased the Oracle SuperCluster in August 2012.
The broking major has 1.9 million customers, and the company’s projected growth was 20,000 customers a month. It also estimates a 2.5x increase in daily trade transactions and expects to double concurrent users over the next three years.
According to the press release issued by the company, Oracle’s SuperCluster accelerated throughput performance by 3x, increased online trading speed by up to 60%, and enabled HDFC to produce reports 67% faster while reducing risk and cutting data center costs.
The company was also able to consolidate 30 servers and two storage systems onto a single Oracle SuperCluster. With Oracle SuperCluster, HDFC can now easily process more than 200,000 trade transactions at peak hours and has achieved sub-second response times for more than 10,000 concurrent users.
“Oracle SuperCluster was the obvious choice for our time-sensitive business for its extreme performance, single vendor support, simplified system management, and clear roadmap. It also offered the highest level of efficiency for our online trading platform where 100% 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.
“With this implementation, we required one-sixth of the previous data center floor-space, significantly decreased energy consumption, which also reduced our carbon footprint in addition to electricity costs,” Joshi added.
With an integrated engineered system from Oracle, HDFC Securities can resolve issues while saving time, lowering costs and at the same time streamlining vendor coordination.
