Tuesday July 4 2023
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Country: Brazil
On 3rd July 2023, the Brazilian Stock Exchange (B3) launched a new platform developed entirely in the cloud, for the electronic trading of fixed income assets in the secondary market, which is the one in which securities are traded between investors, allowing the liquidity of these assets. In the future, the platform will completely replace the current Trader trading platform, where public and private securities such as debentures, CRIs, CRAs, closed-end fund shares, among others, are traded, and will serve banks, brokerages, buy side, fund managers and other institutional clients.
The migration of the fixed income trading platform to the cloud is part of the B3 platform modernization project that the company has been working on since last year, when it announced a partnership with Microsoft and Oracle. This technology allows capacity expansion to be much faster and carried out according to customer demand.
The launch of the platform is scheduled for August 1st and delivery will take place in phases, which will last until the first half of 2024. The platform is already in the testing phase with customers and the first products to be traded on the new platform will be the NTNB, LFT and NTNC indexed federal public bonds; LTN and NTNF pre-fixed government bonds; and matched operations.
The new platform will also allow for the automation of matched operations. This type of operation, which involves the simultaneous execution of a certain number of government securities, together with futures contracts, will have reduced operating time and will ensure an increase in market efficiency, since operations will be carried out automatically by the platform’s algorithm.
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