Brazil’s B3 selects Genesis low-code application platform
Brazilian financial market infrastructure player B3 has signed on for Genesis’s low-code application platform.
B3 has been doing due diligence on low-code platforms as it seeks help addressing multi-faceted highly complex post-trading workflows, securely at pace and at scale.
It picked Genesis after the firm took just six weeks to deliver a proof-of-concept which saw the platform process and test millions of real-time post-trading allocation messages, in a low-latency and high-throughput secure and performant environment.
Paulo D’Angelo, MD, B3, says: “As the industry grows and matures, Genesis LCAP provides the building blocks and agility to address the Brazilian market’s very specific requirements across asset classes market trading infrastructure.”