TD Ameritrade Clears 240,000 Stock Trades Per Day With Caché
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Key Benefits
- Performance
- Reliability
- Scalability
In 1975, TD Ameritrade started as a small brokerage firm in Omaha, Nebraska. It was a pioneer in helping the self-directed investor, being the very first brokerage firm to institute trading by touch-tone telephone. TD Ameritrade was also one of the first to offer Internet trading to individual investors – and they saw their business take off. Today, TD Ameritrade is the largest online equity broker in the world.
“Five or six years ago, we did approximately five-to-six thousand trades a day,” says Jerry Bartlett, CIO at TD Ameritrade. “Now, with our acquisitions, we average about 240,000. We achieved that without major upgrades in infrastructure, which speaks to the scalability of Caché.”
Bartlett goes on to explain that TD Ameritrade’s Back Office System (BOS) “does all the heavy lifting,” by which he means processing and reconciling trades, and managing customer accounts. “Caché forms the foundation of our Back Office System, which is considered the heart of a financial organization. We have very high confidence that we can continue to add accounts, whether it’s 10,000 at once, 100,000 at once, or a million at once, without stressing the Caché infrastructure,” he says.
"The key aspect of Caché in the TD Ameritrade environment has been
its reliability, scalability, and the fact that it’s built for speed."
-- Jerry Bartlett
CIO
TD Ameritrade
TD Ameritrade is also confident about the support they receive from InterSystems. Bartlett gives the example of when TD Ameritrade merged with Datek in 2003 – a move that suddenly brought 875,000 new customers into the TD Ameritrade fold. “InterSystems provided planning support,” he recalls. “They provided technical guidance during the preparation phase, and they had staff onsite with TD Ameritrade technical staff the entire three-day weekend while the conversion occurred.” Barlett sums up TD Ameritrade’s relationship with InterSystems this way: “The key aspect of Caché in the TD Ameritrade environment has been its reliability, scalability, and the fact that it’s built for speed. That’s our commitment to our clients. That’s been InterSystems’ commitment to TD Ameritrade. And it’s created a tremendous partnership.”