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> With 10ms batches, Calvin was able to achieve a throughput of over 500,000 transactions per second. For comparison, Amazon.com and NASDAQ likely process no more than 10,000 orders/trades per second even during peak workloads.

I haven’t worked with NASDAQ stream directly, but knowing how fast equities tick I find this “10,000 orders/sec” estimate quite low.

Not to mention that 10ms delay in confirming an order would be really terrible.



According to NASDAQ's website [1]:

> Able to consistently sustain an order rate of over 100,000 orders per second at sub-40 microsecond average latency

[1]: https://business.nasdaq.com/market-tech/marketplaces/trading




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