InterSystems application partner, SunGard Asset Management Systems (AMS), an operating group of SunGard, reports that AddVantage, a browser-based, real-time asset management and trust accounting solution, achieved impressive results in a benchmark project report.
With intensive scripts simulating 500 concurrent online users on a 100 000-account single database, the processing throughput exceeded the rate of 75 000 completed transactions or reports per hour. Included in these numbers were a variety of real-time transactions, online reports, trade inputs and trade settlements.
The end-of-day processing was completed in 26 minutes, far less time than the end-of-day processing for most organisations. The planning and testing took place over two months and included the integrated efforts of SunGard partners, HP, Intel Corporation, InterSystems and Microsoft.
"These numbers are far above the industry usage levels," says Niraj Gilja, president of SunGard`s AddVantage. "This is an incredible accomplishment for AddVantage. We are extremely pleased with the results and all the hard work our valued partners put into this project."
SunGard is a global supplier of integrated IT solutions for financial services and a provider of information availability services. The company serves more than 20 000 clients over 50 countries including 47 of the world`s 50 largest financial services companies. AMS provides a comprehensive range of asset management solutions to global financial institutions, regional asset management institutions, community banks, regional and investment advisors, foundations and fiduciaries.
Trust, custody and securities departments of large and medium-sized banks, investment management firms and other fiduciaries use AddVantage, a 100% real-time, Web-enabled, client-centric asset management and trust accounting system. Using a Web browser, administrators, portfolio managers and customers have immediate access to real-time account information 24/7.
"InterSystems` involvement in the process proved to be supportive, responsive and flexible, " says Gilja. "SunGard is proud of the fact that AddVantage surpassed all the benchmarks and came through with flying colours. With an increased demand for new and powerful solutions and financial services companies demanding more, SunGard is faced with meeting the challenge by providing immediate data access through the Internet, 100% real-time processing, straight-through processing of trades, and full scalability for unlimited growth. AddVantage is in perfect alignment to meet that challenge."
AddVantage runs Windows 2000 Advanced Server on any Intel-based hardware platform. It uses CACH'E, the high performance database technology from InterSystems. CACH'E, a post-relational database with a multi-dimensional data and application server, offers ultra-fast and massively scalable objects and SQL.
"We are very pleased with the benchmark results which illustrate the breakthroughs that can be achieved by a strong working partnership," says Henry Adams, country manager, InterSystems South Africa. "This demonstrates again the proven capability of the CACH'E multidimensional database to support high-performance, massively scalable applications. As a result, SunGard is well positioned to take AddVantage to the next competitive level in the financial services sector."
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