Transactional memory (TM), a new programming paradigm, is one of the latest approaches to write programs for next generation multicore and multiprocessor systems. TM is an alternative to lock-based programming. It is a promising solution to a hefty and mounting problem that programmers are facing in developing programs for Chip Multi-Processor (CMP) architectures by simplifying synchronization to shared data structures in a way that is scalable and compos-able. Software Transactional Memory (STM) a full software approach of TM systems can be defined as non-blocking synchronization mechanism where sequential objects are automatically converted into concurrent objects. In this thesis, we present performance comparison of four different STM implementations – RSTM of V. J. Marathe, et al., TL2 of D. Dice, et al., TinySTM of P. Felber, et al. and SwissTM of A. Dragojevic, et al. It helps us in deep understanding of potential tradeoffs involved. It further helps us in assessing, what are the design choices and configuration parameters that may provide better ways to build better and efficient STMs. In particular, suitability of an STM is analyzed against another STM. A literature study is carried out to sort out STM implementations for experimentation. An experiment is performed to measure performance tradeoffs between these STM implementations. The empirical evaluations done as part of this thesis conclude that SwissTM has significantly higher throughput than state-of-the-art STM implementations, namely RSTM, TL2, and TinySTM, as it outperforms consistently well while measuring execution time and aborts per commit parameters on STAMP benchmarks. The results taken in transaction retry rate measurements show that the performance of TL2 is better than RSTM, TinySTM and SwissTM.