Hi All,
We hope you had a great 2023 and are looking forward to an incredible 2024.
With that, ending the year 2023 with a final post from my side: An update on our technology stack, network and infrastructure - something we promised to our users.
Here is an quick summary below:
- We managed 20X trading volumes / trades in Dec 2023 compared to one year back in Dec 2022
- Our systems, technology and infrastructure is now ready to handle 5X more volumes of our peak in 2023. We are already at work to double this by March 2024.
- Dhan now handles 200,000+ concurrent users on our trading platforms. In May 2023, I tweeted that Dhan had 75,000+ concurrent users, we are about 3X up from that time.
- We have done massive updates to how we connect our front-end systems (app, web and charts) with price broadcast from exchanges & broadcast from our systems for orders, holdings & positions. Few of our clients used to report lag in price updates in the first half of 2023, happy to share that now with 3X scale over those times - we now very very rarely get any of such reports and the ones we got were isolated ones about internet (isp) or device connectivity which our teams were able to resolve over Google meets with our users.
- Unlike most of the broking platforms that have a third-party Order Management Systems, Dhan now has its own Trading System. We process over 99.9% of trades on Dhan through our own Trading System that we built in-house on the latest technology stack. This makes Dhan one of the very few new-age Stock Trading platforms that owns and manages its entire technology infrastructure including core trading systems.
- We now process > 80% of executed trades under 100 ms; and > 50% of trades in under 50 ms.
- Large traders on Dhan have their favourite Iceberg orders, we improved performance of these by 3X.
- On Charting: For traders, Dhan continues to lead be the preferred platform for charts and trading from charts.
- On TradingView: Dhan continues to be preferred execution platform for Traders on TradingView. We had on 15 September mentioned that over 100,000+ users trade directly via TradingView. In the last 100 days, this is up by 40% and now we have 140,000+ users.
- Dhan now has its own secondary disaster-recovery infrastructure in place (located in Bangalore). Y’day, on 29 December we ran our entire trading setup via our disaster recovery site with the same exceptional performance in execution of trades.
- We now operate in Active-Active mode, which means we connect with Stock Exchanges via both primary (in Mumbai) and secondary infrastructure (in Bangalore) simultaneously with capabilities to do switching-on, off or dual running modes.
- Our technology setup gives us the ability to ensure that in case of any network failures, we will be able to do switch-overs in near real-time ensuring continuity of operations and trades. Basically in event of any downtime, it will be minimal and limited to only a small set of users, before we switch to a another network; or in an unfortunate event of one of the operating site going down completely, we will switch over to another one.
Having said that, as I have always maintained that Stock Trading platforms are one of the most complicated financial and technology systems out there with tons of failure scenarios, internal and external that are beyond control. Our teams will ensure that we do everything in our abilities to provide you an incredible trading & investing experience at all times.
We further plan to continue to invest more time, energy and resources to scale our systems and infrastructure even more in the coming year, 2024. We will add more infrastructure, connectivity to exchanges, more and faster methods for recovery in case of failure and also integrate additional transaction processing systems.
This is the last post from my end this year, expressing our thanks and gratitude to all our Super Traders, Investors, Users, Supporters and Well Wishers for your continued Trust in Dhan.
There is lots to come from our team in 2024. We have continued with our tradition to build with our users and release our product roadmap for 2024: Focus 2024: Upcoming Features on Dhan for Traders & Investors
Thank you
pj
