Taiwan Depository & Clearing Corporation

TDCC has announced the activation of the new generation, world class “TDCC Core Business Data System—New Securities Depository System” created through the cooperation of TDCC and IBM on April 9th. The system is expected to enable TDCC to reach the milestone of providing Taiwan’s capital market with higher quality data services.

According to Chairman and CEO, Mr. Sherman Lin, TDCC serves as the back-office institute of Taiwan’s capital market, and its core business data system—securities depository system was designed and established in 1989. Currently, the system processes approximately 1,100,000 transactions a day on securities market. There are 250,000 transfer transactions processed through securities firms’ connection to TDCC. The number of batched processed daily reaches 300 million, which shows the extreme complexity and heavy workload of the system. In order to equip the system with advanced flexibility for market development, through careful planning and with the support from the authority, TDCC launched “Securities Depository Data System Improvement” project in June 2014.

The new securities depository system replaces the traditional mainframe computers with an open system architecture and relational database; TDCC and IBM designed the very first parallel simulation test mechanism worldwide, automatically copying over a million of transaction data from the old system into the new one in order. This parallel and synchronized process saves a huge amount of testing manpower and drastically improves testing quality. After a period of four years, the system went live in April 2018 and has been working well ever since. TDCC would therefore like to extend heartfelt appreciation to the authority, Taiwan Stock Exchange (TWSE), Taipei Exchange (TPEx), and all participants involved in this project for their support and assistance throughout the process.

Mr. Lin further indicates that the new securities depository system employs IBS RS/6000 open system architecture and has a mechanism that rapidly upgrades process capacity. Compared with the old one, the new system’s advantages include the use of an open architecture as well as related data equipment to strengthen same-site backup mechanism for operation stability. Besides, through the increase in process efficiency the new model brings, the new data equipment can triple the process speed. Under the circumstances, TDCC has founded a solid information system. In addition, the new system can rapidly increase process capacity and quickly meet the needs of market development, enhancing data processing efficiency and therefore shortening the data processing time dramatically.

After the system went live, TDCC will keep incorporating innovative technology into data management technology. The company will also strengthen the competitive advantages of its core business, cater to market development trend, expand business scope, extend service hours, and offer the highest quality of services to the market.