STAC Report: Oracle Cloud Infrastructure with NVIDIA SXM4 GPUs under STAC-A2 (derivatives risk)

New records in cloud price performance

11 December 2023

STAC recently performed the first STAC-A2 Benchmark tests on a system in Oracle Cloud Infrastructure. The stack under test (SUT) consisted of CUDA 12.2 with 8 x NVIDIA A100 SXM4 40 GiB GPUs in an Oracle Cloud Infrastructure BM.GPU4.8 instance.

The STAC Report is available here.

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 wished to highlight several results from this report:

• Compared to all publicly reported solutions to date, this solution demonstrated the best price-performance among all cloud solutions (48,404 options / USD) over 1 hour, 3 days, and one year of continuous use¹
• Compared to the most recently audited, single-server cloud-based solution (INTC221006b), this solution:
• Demonstrated 3.2x, 3.2x and 2.0x price-performance advantages (options / USD) for 1 hour, 3 days and 1 year of continuous use respectively¹
• Had 14.6x the throughput (options / second)²
• Demonstrated 6.8x / 7.8x the speed in cold / warm runs of the baseline Greeks benchmarks³
• Demonstrated 9.0x / 4.3x the speed in cold / warm runs of the large Greeks benchmarks⁴
• Compared to a non-cloud SUT using 4 (vs. 8) of the same GPUs used here, and previous versions of CUDA and the STAC-A2 Pack for CUDA (NVDA221007), this solution:
• Had 1.9x the throughput²
• Demonstrated 2.6x / 2.2x the speed in cold / warm runs of the baseline Greeks benchmarks³
• Demonstrated 2.3x / 1.5x the speed in cold / warm runs of the large Greeks benchmarks⁴
• Was able to process 1.9x the correlated assets and 3.0x the Monte Carlo paths in 10 minutes⁵

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.

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¹STAC-A2.β2.HPORTFOLIO.PRICE_PERF.[BURST | PERIODIC | CONTINUOUS]
²STAC-A2.β2.HPORTFOLIO.SPEED
³STAC-A2.β2.GREEKS.TIME.[COLD | WARM]
⁴STAC-A2.β2.GREEKS.10-100K.1260.TIME.[COLD | WARM]
⁵STAC-A2.β2.GREEKS.[MAX_ASSETS | MAX_PATHS]