Dongwu Securities: New Quality Productivity, Independent Innovation, New Generation Core Trading System A5 Launched
The securities industry, which has undergone a wave of digital transformation, is undergoing a comprehensive change in service models and forms, from counter trading to telephone commission, from PC online trading to mobile app handheld operation. Looking back more than a decade ago, brokerage branches were often crowded with people, but now they have become flexible buying and selling of stocks and funds at the fingertips of investors.
From offline to online, digital technology empowers the entire process of customer acquisition, investment, trading, and risk control in the securities industry, reshaping the business logic and development format of this industry, and more importantly, it is related to the future competitive landscape. In the new era, securities companies need to enhance their competitiveness by providing investors with more convenient, efficient, and personalized services. As the foundation and cornerstone of the digital transformation of the securities industry, a core trading system with better stability and faster response speed is undoubtedly of utmost importance.
Dongwu Securities: Pioneering the Industry and Building a New Generation of Fully Autonomous Core Trading System
Dongwu Securities, which originated from Suzhou Securities, has been established for 30 years. Starting from a small local securities firm with initial total assets of less than 50 million yuan and limited to local development, it has gradually grown into a modern securities holding group listed on the A-share market and developing towards internationalization.
The key to the rapid growth of Dongwu Securities is its heavy investment and in-depth transformation in digital transformation.
Since 2013, Dongwu Securities has been carrying out private cloud construction, introducing new technologies such as distributed storage, SDN, and container cloud. By gradually consolidating the infrastructure and technological foundation, it empowers rapid business expansion and model innovation. In 2015, Dongwu Securities officially initiated the independent research and development of its core trading system. After 5 years of joint innovative research and development with partners such as Vertex Software and Huawei, the A5 system was launched on June 29, 2020; After three years of independent innovation replacement and migration, the new generation centralized core trading system A5 with full stack independent innovation was officially launched on October 16, 2023. It is the first distributed core trading system in the securities industry to fully utilize independent innovation. The A5 system pioneered the industry and achieved advanced intergenerational upgrades in the trading system architecture while achieving independent innovation, which is an important milestone in the field of financial independent innovation. The new generation A5 can accommodate millions of customers and supports a distributed multi activity architecture, organically integrating business and platform, allowing ordinary investors to enjoy the fast trading experience of institutional clients.
A5 @ Huawei Kunpeng, Consolidate the Digital Foundation of Dongwu Securities Core System
As the industry's first independently innovated all memory, all business centralized trading system, Dongwu Securities has comprehensively innovated the system architecture, achieved leading advantages in performance, efficiency, and other aspects, improved comprehensive trading service capabilities, and enhanced core competitiveness. Through joint innovation with vertex software and Huawei, the new generation core trading system A5 of Dongwu Securities has achieved industry-leading levels in high concurrency, low latency, high performance, high availability, security and stability.
In terms of technical design, A5 system adopts new technologies such as independently innovated distributed architecture, memory database technology, multicast liveness technology, bus platform, etc. The transaction core can be expanded as required, and has strong technical progressiveness and efficient business computing capability. Taking a distributed architecture as an example, the A5 trading system subdivides the originally mixed functions into multiple platforms such as fund platform custody platform, clearing platform, and user authentication platform. The platforms adopt a loosely coupled architecture, and the microservice design disperses the risks of the original securities trading system. A single platform failure does not affect the progress of core transactions, allowing the system to support more efficient fund utilization efficiency and 7 * 24 hour clearing processing.
On the hardware platform, A5 system adopts Kunpeng server as the computing power base, further consolidating the performance leadership and stable reliability of Dongwu Securities core trading system.
On the one hand, servers equipped with Kunpeng series processors have a 15% improvement in overall performance, while also being equipped with RAS features to achieve high system reliability. In the core trading system of Dongwu Securities, Kunpeng Server focuses on serving as the foundation of the most core in memory trading database, fully leveraging its high main frequency and low latency characteristics, meeting the business scenario requirements of Dongwu Securities with low latency and high concurrency.
On the other hand, based on the complete industrial chain ecosystem of Kunpeng Computing, with continuous horizontal and vertical layers, a full stack computing power base is constructed to identify and solve the ecological challenges of securities application system upgrading in advance, achieving independent innovation and evolution, and laying a solid foundation for the successful online launch of Dongwu Securities core system.
In addition, Kunpeng Server has innovatively developed five core components of "computing transmission management storage intelligence", fully meeting the self construction needs of Dongwu Securities' core trading system in the overall technological ecosystem, and setting an industry benchmark.
Overall, the A5 system of Dongwu Securities has broken through the bottlenecks of the previous generation trading system in terms of business processing capacity, response speed, and concurrent processing. The average transaction delay has been increased from the original 10 milliseconds to less than 1 millisecond, and the concurrent processing capacity has been increased by 10 times. The A5 system can support 60000 orders per second across the entire business scope of a single node, with a minimum delay of only 100 microseconds, and can accommodate customers of tens of millions or more, Leading the industry and even international securities trading systems.
A5 @ Vertex Software, Promoting Intergenerational Upgrade of Dongwu Securities Core System
As a strategic partner of Dongwu Securities in promoting the intergenerational upgrade of its core trading system, Vertex Software has abandoned the traditional reliance on large-scale database computing trading mode and innovatively proposed a new architecture of "storage computing separation" that combines in memory computing and distributed computing. It has independently developed a distributed and low latency LiveDTP trading platform, with low latency as the core and HyperDB in memory database as the foundation, to achieve the development and deployment of the A5 trading system. Based on Huawei Kunpeng 3.0GHz server, it can support 800000 comprehensive transaction processing per second, achieving comprehensive performance surpassing traditional IOE architecture; After the system was launched in October, the user entrustment delay of Dongwu Securities decreased from an average of 10 milliseconds to less than 100 microseconds. This service, which was originally only available to VIP level users, can now benefit all investors. The related technological innovation has won the second prize of the National Financial Technology Development Award. A hundred feet of progress, further advancing, the innovation laboratory jointly established by Dongwu Securities, China Academy of Information and Communications Technology, Vertex Software, and Huawei focuses on continuous innovation in the core securities trading field, leading the development of the industry.
Independent innovation and digitization, stimulating innovation momentum in the financial industry
The financial industry has strict requirements for information technology products. The core technology product solutions of independent innovation have made breakthroughs in the core application of financial securities systems, representing the performance, stability, reliability, and other aspects of the domestic information technology system being tested and verified.
With the continuous promotion of deepening reforms in the capital market, the high-quality development of the securities industry is in an important opportunity period, and independent innovation and digitization will add new impetus to the industry's development. Looking towards the future, Dongwu Securities will continue to deepen cooperation with partners such as Huawei and Vertex Software, deepen technological breakthroughs, jointly innovate business models, promote the deep integration of finance and technology, digital economy and real economy, and push China's financial technology from pillar to pillar to a new stage of accumulation and development.
