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B3 runs the trading, clearing, settlement, and registration platforms for the São Paulo Stock, Commodities, and Futures Exchange, making it one of the world’s largest financial market infrastructure companies. The company’s brokerage management application, SINACOR, is used by 95% of Brazilian brokerage firms for daily digital trading and to provide trading software and services for their customers. But SINACOR relied on legacy packaged software that ran on premises at each brokerage company, leading to inevitable issues with version control and performance. The cost of maintaining the legacy software was too high and quickly bringing new capabilities to market was too difficult. B3 chose to migrate SINACOR to Oracle Exadata Database Service on Oracle Cloud Infrastructure (OCI) for increased 4x performance and reliability on one system that supports 20 million daily transactions. The simplified architecture and Oracle Kubernetes Engine streamlines development for B3 to innovate faster.
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