BNamericas - B3 and Oracle carry out first Sinacor migrat...
Órama inaugurates this process that modernizes the infrastructure of the system used by brokers to connect to the exchange. Brazilian stock exchange B3 and Oracle have signed a partnership to migrate Sinacor (Integrated Broker Administration System) to cloud infrastructure, allowing the broker to operate the system without the need to use internal servers and infrastructure. The move is part of a B3 platform modernization project that the company has been working on since last year, when it announced a partnership with Microsoft and Oracle. With this innovation, Órama has the possibility of increasing its operating infrastructure, if necessary, with more agility. B3 SA (B3SA3) is one of the main financial market infrastructure companies in the world and one of its largest in market value, among the global leaders in the stock exchange sector. It connects, develops and enables the financial and capital markets and, together with customers and society, enhances Brazil's growth.
Publicerad : 2 år sedan förbi BNamericas i Tech
This is a machine translation of the original press release issued in Portuguese.
São Paulo, October 16, 2023 - B3, the Brazilian stock exchange, and Oracle, a cloud platform and application developer, signed a partnership with Órama to migrate Sinacor (Integrated Broker Administration System) to cloud infrastructure. The broker will be the first to operate the system without the need to use internal servers and infrastructure.
Sinacor is a tool present in around 95% of brokers and connects the brokers' systems to the exchange's and manages market movements, capturing information about trades, orders, billing and settlement. The migration of this tool to the cloud is another step in the B3 platform modernization project that the company has been working on since last year, when it announced a partnership with Microsoft and Oracle.
With this innovation, which has been in productive operation since October 2nd, Órama has the possibility of increasing its operating infrastructure, if necessary, with more agility. Furthermore, administration, monitoring, supporting the environment with security and preventive incident management become the responsibility of B3 and Oracle, which guarantees reduced costs for the brokerage.
“It is important to highlight that the migration occurred without any technical problems or operational impacts. This modernization is available for brokers to hire, representing yet another service in Sinacor's portfolio, now in the Cloud, and also another step in the strategy of continuous evolution of services provided to B3 participants”, comments Roberto Junior, director of Development B3 Middle and Back Office Systems.
“Much more than a project, Sinacor's migration to Oracle's cloud infrastructure, through the long-term partnership signed with B3, is real proof of the strength of this union. The offer was made possible thanks to this alliance, which enables countless possibilities, impacting and providing new services to the financial ecosystem, a segment that has increasingly accelerated digitalization. Partnerships like this bring countless advantages to everyone involved and, of course, they also drive brokers towards innovation, as is the case with Órama", highlights Guilherme Godoy, vice president of Oracle Cloud Sales for Brazil.
B3 SA (B3SA3) is one of the main financial market infrastructure companies in the world and one of the largest in market value, among the global leaders in the stock exchange sector. It connects, develops and enables the financial and capital markets and, together with customers and society, enhances Brazil's growth.
It operates in the exchange and over-the-counter environments, in addition to offering products and services for the financing chain. Headquartered in São Paulo and offices in Chicago, London, Singapore and Shanghai, it plays important roles in the market by promoting best practices in corporate governance, risk management and sustainability.
Ämnen: Oracle