STAC Report: Oracle Cloud Infrastructure 8-node Intel cluster under STAC-A2 (derivatives risk)

Numerous new records for non-accelerated cloud solutions

23 January 2024

STAC recently performed STAC-A2 Benchmark tests on the first CPU-based STAC-A2 solution in the Oracle Cloud.

The STAC Report is available here.

The stack consisted of the STAC-A2 Pack for Intel® oneAPI (Rev N) with 8 x Oracle Cloud Infrastructure BM.Optimized.3.36 bare-metal servers, each server providing 2 x Intel® Xeon® Gold 6354 (Ice Lake) CPUs and 512 GiB of DRAM, networked via RDMA over 100 Gbps Ethernet.

STAC-A2 is the technology benchmark standard based on financial market risk analysis. Designed by quants and technologists from some of the world's largest banks, STAC-A2 reports the performance, scaling, quality, and resource efficiency of any technology stack that is able to handle the workload (Monte Carlo estimation of Heston-based Greeks for a path-dependent, multi-asset option with early exercise).

Oracle Cloud Infrastructure (OCI) wished to highlight the following results:

  • Compared to all publicly reported, non-accelerated cloud solutions to date, this solution set numerous records:
    • The best price-performance (19,788 options / USD) over 1 hour and 3 days of continuous use1
    • The highest throughput (119.2 options / second)2
    • The fastest warm time (24.3 ms) in the baseline Greeks benchmark3
    • The fastest cold (2.98 s) and warm (1.96 s) times in the large Greeks benchmarks4
    • The most correlated assets (145) and Monte Carlo paths (7,000,000) simulated in 10 minutes5
  • Compared to the previously most price-performant, non-accelerated cloud solution (SUT ID INTC221006b), this solution demonstrated a 1.3x price-performance advantage (options / USD) for 1 hour and 3 days of continuous use1

  • Compared to a 10-server, non-accelerated cloud-based solution using previous-generation Intel® Xeon® Scalable Processor (Cascade Lake) CPUs (SUT ID INTC210331), this 8-server solution demonstrated:
    • Over 1.5x price-performance advantages (options / USD) for 1 hour and 3 days of continuous use1
    • Over 1.4x the speed in warm runs of the baseline Greeks benchmark3
    • Over 1.2x the speed in warm runs of the large Greeks benchmark4
    • Over 1.1x the speed in cold runs of the large Greeks benchmark4

For details, please see the report at the link above. Premium subscribers have access to the code used in this project as well as the micro-detailed configuration information for the solution. To learn about subscription options, please contact us.

4STAC-A2.β2.GREEKS.10-100K.1260.TIME.[COLD | WARM]

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