A system, method and computer product for accelerating parallel database transactions. One or more data processors execute a first transaction on a database. The first transaction includes a transactional lock associated with each of one or more records to update the one or more records during the first transaction, and a pre-commit command to request acknowledgement of committing the updating of the one or more records during the first transaction. The one or more data processors execute a second transaction on the database in parallel with the first transaction. The second transaction includes a transactional lock associated with each of one or more records to update the one or more records during the second transaction, and a pre-commit command to request acknowledgement of committing the updating of the one or more records during the second transaction. The transactional locks of the first and second transactions are released before flushing log records associated with the first and second transactions.