B3 partners with Genesis to address the growth of Brazilian financial markets

By Pavithra R

Brasil, Bolsa, Balcão (B3), a leading financial market infrastructure company in the exchange industry, has announced leveraging Genesis’ Low-Code Application Platform (LCAP) for Brazil’s financial markets.

B3 is the result of the union between the financial, capital markets and the meeting of people. It promotes best practices in corporate governance, risk management and sustainability and contributes to Brazil’s economic growth and development by operating secure and resilient environments, increasing the security, solidity and efficiency of the market. The Brazilian stock exchange has selected Genesis Low-Code Platform (LCAP) to deliver performant, resilient solutions to address multi-faceted highly complex post-trading workflows, securely at pace and at scale. 

“We conducted a thorough market assessment on Low-Code Platforms, and Genesis emerged as the leading low-code firm, one that is uniquely designed for the standards of software development within financial markets. 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,” said Paulo D’Angelo, Managing Director at B3.

“Impressed by Genesis’ low-code platform, we put it to work immediately. We set out a highly complex event processing Proof-of-Concept (PoC) involving stress-testing and handling high-frequency spikes in millions of trade messages. Genesis’ low-code platform tackled and addressed the challenge in a matter of weeks. Based on this first PoC, we have every confidence that Genesis will be a key partner in helping us identify and deliver immediate and future opportunities for further efficiencies,” added D’Angelo.

The collaboration follows a thorough due diligence process and review of a number of low-code platforms. B3 selected Genesis to deliver a PoC to process and test millions of real-time post-trading allocation messages, in a low-latency and high-throughput secure and performant environment. 

The Genesis LCAP enables the rapid creation of products and solutions without requiring to write substantial lines of code as well as the Genesis Application Library’s extensive range of applications is an enterprise offering positioned to help the financial markets address a spectrum of challenges. It reduces cost and development times by an average of 80% and is capable of delivering both the simple Business Process Management (BPM) workflows as well as extending to the complex use cases such as real-time trading and risk management. 

“We are privileged that B3 has chosen to partner with Genesis. We are immensely proud that we continue to deliver these exceptional applications all built on the Genesis Low-Code Application Platform. We believe our relationship with B3 is further evidence of our financial markets capabilities and ongoing demand for a low-code application platform to help business leaders and visionaries transform their businesses at pace, at scale and with confidence,” said Stephen Murphy, CEO of genesis.