Upgrade of B3 Foreign Exchange Clearinghouse Infrastructure to Cloud-Based Technology

Informative

Upgrade of B3 Foreign Exchange Clearinghouse Infrastructure to Cloud-Based Technology

B3 is upgrading its Foreign Exchange Clearinghouse and migrating its current infrastructure to cloud-based environments.

The goal is to provide a more efficient solution for the market, reinforcing our commitment to the digital transformation that B3 has carried out in recent years, while generating new opportunities for our clients and delivering products with a reduced time to market.

Project Tags:

Risk

Listed

Completed

Interest rate and currencies

Clearinghouse

Product benefits

Fast delivery of new products

Reduced time to market to develop and launch new products and functionalities on the cloud-based platform.

Technological innovation

Use of micro cloud services, enabling customization and flexibility for our clients.

Scalability and flexibility

Speedy access to new technologies, with new scalable resilience models.

New project is part of B3’s digital transformation initiative

B3's cloud-based Foreign Exchange Clearinghouse operations reinforce our commitment to innovation and operational stability.

The migration of B3’s Foreign Exchange Clearinghouse to cloud-based technology is part of a partnership entered into with Microsoft and Oracle for digital transformation. The initiative follows others that also took place this year, such as the upgrade of B3’s central depository and the investment in Vermiculus Financial Technology.

Our digital transformation initiative also involves the migration of other operations to cloud, such as vehicle liens, B3 Bank, insurance, OTC, etc.

B3 expects that cloud migration of its Foreign Exchange Clearinghouse is fully implemented by year end 2023, as soon authorization from the regulator is obtained.