The Securities Technology Analysis Center (STAC) said it created a common method of measuring the performance of software products that manage large amounts of stock ticks.
The STAC-M3TM Benchmark, it said, will handle results for a software product from Kx Systems and Oracle Corporation. The measurement standard is currently a community proposal developed by the STAC Benchmark Council, comprised of trading organizations and vendors.
The Council defines a series of standard benchmarks for capital market workloads, but only trading organization can approve specific tssts.
Standardizing measurement of software that acts on market data will help financial firms which are trying to quickly analyze timeseries of price and trade datais crucial for stocks, currencies, options and other derivatives. STAC noted that high-frequency trading means firms rapidly store, retrieve and analyze massive quantities of data in order to back-test new trading algorithms, monitor their risk, and satisfy regulatory demands.
"We're pleased that Kx and Oracle have taken the lead in publishing STAC-M3 Benchmarks,'' said Peter Lankford, founder & director of STAC."This testing responds to a direct need for performance data expressed by some of the world's leading financial institutions.''
Simon Garland, Kx chief strategist, said: "We have worked closely with STAC and Oracle to create benchmarks. Going forward, the benchmarks will give financial institutions clearly defined criteria for measuring the performance of their systems. When setting up large, critical databases people need to be sure that the configuration they use is delivering the best possible performance within their hardware and software constraints. The problem is nobody has the time and resources to do an in-depth evaluation of all the alternatives and ideally to regularly revisit the chosen solution. These new benchmarks from STAC are valuable components of these decisions."
The STAC-verified benchmarks were carried out using Kx kdb+ v2.6 on the Oracle Sun Fire X4540 storage server using version 0.92 of the STAC-M3 Benchmark specifications. STAC-M3 v0.92 has been submitted to the full Council for ratification, and a vote is pending. The benchmark report is available at STACresearch.com/kx. STAC is a technology-research firm that facilitates the STAC Benchmark CouncilT (STACresearch.com/council), an organization of leading trading organizations and vendors that specifies standard ways to measure the performance of trading software.
Oracle (NASDAQ: ORCL) is is a supplier of database software and business applications.
Kx offers a unified approach to real-time and historical data analysis with a high-performance database platform.
This article can also be found at InsuranceNetworking.com.
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