| How the BSX seamlessly Replaced its Equator system with a Future-Ready CSD — in Record-Time The Bermuda Stock Exchange (BSX), a MIAX company, needed to replace its Equator CSD system with a modern, feature-rich solution that could seamlessly integrate with existing systems.
In March 2025, delivered in under a year, BSX successfully launched a next-generation CSD system, powered by market infrastructure provider Vermiculus Financial Technology.
The new CSD system replaced BSX’s legacy infrastructure with a modern, scalable solution featuring intuitive user interfaces to support evolving market needs. Built to scale, it allows BSX to future-proof its operations and meet the needs of a dynamic marketplace, ensuring uninterrupted growth and innovation.
In this case study you’ll learn:
- How BSX rolled out a fully operational, future-proof CSD in less than 12 months
- The benefits of a microservice-based, scalable architecture designed for performance, flexibility, and future growth
- Why Vermiculus’ flexible, multi-asset, real-time CSD solution was the right fit for BSX’s needs
Download the full success story about BSX’s new CSD system here. | 
