The Brazilian marketplace operator B3 has partnered with Vermiculus to successfully deploy the initial phase of its new, elastically scalable, cloud-native CSD system.
Based on Vermiculus’ microservice-based VeriSafe product, the new system allows B3 to handle expansive growth in the Brazilian market.
The platform provides B3 with a state-of-the-art CSD system, supporting extended opening hours as well as new functionalities, such as new reports for its market participants. The microservice architecture also allows for rapid time-to-market.
“Our new scalable CSD system has been successfully deployed, offering immediate benefits to our participants. By taking a gradual, soft-launch approach, we’ve ensured a seamless transition while maintaining stability and continuity for all users. This technology enabling us to scale effectively while introducing innovative functionalities to enhance operational efficiency for our participants,” said Viviane Basso, B3’s Chief Operating Officer – Issuers, Depository and OTC.
Taraneh Derayati, CEO, Vermiculus, said: “We have together designed an approach to a phased replacement of the current CSD, where we are combining a stable roll-over with providing market value from the very beginning.
“By initially running in parallel with the existing CSD, we ensure stability in the changeover. More importantly, we provide great value to the market, as we provide desired new functionality and market output to the participants from the very beginning.”
