[MichaelGG]

>not many people today have experienced the shear magnitude of mainframe batch workloads

Can you elaborate? For instance, SWIFT does like 15M messages/day (according to Wikipedia). That's...really not that much in absolute terms for even a cheap server today.

[tolle]

But theres a ton of bookkeeping and checks to be done for every transaction. Due to regulations and so on. But yes it's not an insane amount of transactions.

[marktangotango]

Note I specified 'batch'. One mainframe app I'm familiar with handled > 50% of mutual fund transactions in the US. Including 401k, this could be > 100 million transactons per day when follow on broker/dealer cascade transactions are accounted for. Each transaction required non trivial amounts of processing, reporting, and logging.

Also note that a 'transaction' in this sense is not a http request response. The way it's used in mainframe systems it's a business transaction which can include 100's of smaller 'transactions'.

Banks and other financial systems can't perform daily reconciliation until markets close and stock and fund prices are known. Hence these systems store everything up to process in a nightly window.