Last year, Connamara Technologies made significant strides in improving EP3, not just in performance—enhancing reporting speeds, pre-trade risk, scalability, and transaction throughput—but also in functionality. By analyzing the ever-evolving landscape of the exchange world, staying on top of what innovators need most, and building features through our discovery process, we made immense expansions to our matching engine product and platform’s capabilities.
Enhanced and Streamlined Exchange Operations
We focused on making exchange operations smoother and more efficient:
- Block Trade Submission Improvements: Streamlined the submission process for exchange operators.
- 24/7/365 Exchange Support: Updated Trade Date functionality and end-of-day market actions, making it easier for exchanges to operate continuously.
- Bulk Settlement Price Management: Simplified end-of-day workflows by enabling operators to bulk upload and approve settlement prices.
Advanced Risk and Compliance Management
Risk management and regulatory compliance remain at the core of EP3. This year, we delivered several impactful upgrades:
- Omnibus Account Support: Helped Futures Commission Merchants (FCMs) manage accounts more efficiently.
- Position Limits: Introduced account-level limits to enhance pre-trade risk management.
- Pre-Trade Risk for Event Instruments: We have added support for Binary and Continuous payouts, empowering customers to design creative event contracts.
- Regulatory Report Enhancements: We introduced support for spreads, improving compliance with regulatory standards.
Greater Integration and Flexibility
We expanded EP3’s adaptability to meet diverse needs:
- Multiplatform CPU Support: Enabled customers to select their preferred CPU architecture, improving cost-efficiency and performance.
- Banking Integration: Added support for J.P. Morgan Chase to complement existing BMO Harris infrastructure, providing more options for managing exchange collateral accounts.
Customizable Revenue Options and New Capabilities
We’ve made it easier for exchanges to tailor their revenue models and grow their business:
- Flat Fee Commissions: Introduced a new commission model, giving customers the flexibility to structure fees that suit their needs.
- Clearinghouse Technology Licensing: Expanded EP3’s offerings by making our clearinghouse technology available for licensing, opening new opportunities for emerging exchanges.