> This volume can host a 16 TB and 20,000 IOPS I/O-intensive transactional database requiring single digit millisecond latencies with consistent performance using Provisioned IOPS (SSD) on AWS
PCIe or SATA attached SSD random access latency is around 0.2ms. Typical RAM latency is 100ns, maybe 200 in a NUMA cross-node access. That's a 3 orders of magnitude difference. Add another order of magnitude for network-attached SSD.
Bandwidth wise, a single DDR3 channel has around 10 GB/s (and a typical server has 4 to 8 of them). A single half duplex 10GE link (the most you can provision and effectively use on EC2) is 500 MB/s. So, generally 1 to 2 orders of magnitude.
No, not even close.