New York
11 West 42nd Street, 8th Floor New York, NY 10036
T: 1 646 630 7421
London
2 London Wall Place, London, EC2Y 5AU
T: 0207 113 1500
Singapore
18 Robinson Road, Level 14-02, Singapore 048547
Brazil
Av. Angélica, 2529 - Bela Vista, 6th Floor São Paulo - SP, 01227-200, Brazil
Hong Kong
40-44 Bonham Strand, 7F Sheung Wan, Hong Kong
For all other inquiries Contact Us
Taken from www.dtcc.com
Groundbreaking study proves DLT can process more than 100 million trades per day
New York/London/Hong Kong/Singapore/Sydney, October 16, 2018 ‒ The Depository Trust & Clearing Corporation (DTCC), the premier post-trade market infrastructure for the global financial services industry, today announced the results of a benchmark study which demonstrated for the first time ever that distributed ledger technology (DLT) is capable of supporting average daily trading volumes in the US equity market of more than 100 million trades per day.
The study, which was conducted by Accenture with additional support provided by technology service providers Digital Asset (DA) and R3, proved that DLT can perform at levels necessary to process an entire trading day’s volume at peak rates, which equates to 115,000,000 daily trades, or 6,300 trades per second for five continuous hours. Currently, public blockchains supporting crypto-currencies operate at single or double digit per second performance, which until now was the only indication of the potential volume that a private DLT might be able to support.
… Read more at dtcc.com, here.
Share this post
Most Popular
September 18, 2019
Blockchain leaders join forces to tackle inefficiencies in the global FX market
August 28, 2019
R3 partners with fintech, Wethaq, to digitise Islamic Capital Markets, commencing with Sukuk
August 14, 2019
Blockchain giant R3 announces plan to open new Dublin office amid further expansion
Media inquiries
Stay up to date on the latest news and articles related to R3.
© 2019 R3, All Rights Reserved