The collaboration between the two companies follows a thorough due diligence process and review of a number of low-code platforms. B3 selected Genesis to deliver a Proof-of-Concept (PoC) to process and test millions of real-time post-trading allocation messages, in a low-latency and high-throughput secure and performant environment. Within a period of six week, the PoC application was delivered and seamlessly integrated with B3’s existing infrastructure architecture.
Paulo D’Angelo, Managing Director at B3, said:
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.
The Genesis Low-Code Platform (LCAP) enables the rapid creation of products and solutions without having to write substantial lines of code. Additionally, the Genesis Application Library’s extensive range of applications is an enterprise offering positioned to help the financial markets address a range of challenges. It is the only low-code platform built entirely for the requirements of the financial markets and is capable of delivering both the simple Business Process Management (BPM) workflows, and extending to the complex use cases such as real-time trading and risk management.
D’Angelo continued:
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.
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