Press Release

Connamara Technologies Equips Zero Hash with Cutting-Edge Exchange Platform

Posted on by Connamara Technologies

VIA PR Newswire:

AUSTIN, TX, CHICAGO, IL – October 8, 2024 – Connamara Technologies, a leading provider of fully integrated exchange infrastructure solutions, is proud to announce that Zero Hash, the foremost crypto and stablecoin infrastructure platform, has successfully implemented its digital asset platform, powered by the proprietary EP3® matching engine.

EP3 is a versatile and scalable exchange platform designed to meet the evolving needs of the emerging asset market.

Why it Matters to Zero Hash 

  • By leveraging EP3’s advanced features, Zero Hash can efficiently match orders, manage risk, and access new markets. 
  • EP3’s flexibility allows Zero Hash to explore new use cases, further solidifying its position as the leading infrastructure provider for start-ups, enterprises, and Fortune 500 companies, powering a diverse range of use cases: cross-border payments, commerce, trading, remittance, payroll, tokenization, wallets and on and off-ramps.

Why it Matters to Connamara Technologies 

Partnering with Zero Hash, a major and rapidly growing player in the crypto and stablecoin infrastructure space, reinforces the early EP3 design decisions to provide an exchange infrastructure platform that is flexible and can scale as our customers grow.

Quotes 

  • “Zero Hash has assembled a top-notch business and engineering team, and we are honored that they selected EP3 and Connamara Technologies as technical partners in creating a world-class crypto infrastructure.”  – Jim Downs, Co-Founder and CEO of Connamara Technologies. 
  • “The team at Connamara provides deep technical expertise and market knowledge that has helped Zero Hash scale critical aspects of our product offering to meet market demand. The digital asset space is constantly evolving and Connamara’s ability to adapt and evolve has played a pivotal role in our success.”  – Adam Leaman, Zero Hash Chief Client Officer and Founding Team member.

About Zero Hash

Zero Hash is the leading crypto and stablecoin infrastructure provider that seamlessly connects fiat, crypto and stablecoins in one platform, enabling a better way to move and transfer money and value globally.

Through its embeddable infrastructure, start-ups, enterprises and Fortune 500 companies build a diverse range of use cases: cross-border payments, commerce, trading, remittance, payroll, tokenization, wallets and on and off-ramps.

Zero Hash Holdings is backed by investors, including Point72 Ventures, Bain Capital Ventures, and NYCA.

Zero Hash LLC is a FinCen-registered Money Service Business and a regulated Money Transmitter that can operate in 51 US jurisdictions. Zero Hash LLC and Zero Hash Liquidity Services LLC are licensed to engage in virtual currency business activity by the New York State Department of Financial Services. In Canada, Zero Hash LLC is registered as a Money Service Business with FINTRAC.

Zero Hash Australia Pty Ltd. is registered with AUSTRAC as a Digital Currency Exchange Provider, with DCE registered provider number DCE100804170-001.  This registration enables Zero Hash to offer its crypto services in Australia.  Zero Hash Australia Pty Ltd. is registered on the New Zealand register of financial service providers, with Financial Service Provider (FSP)  number FSP1004503.  A FSP in New Zealand is a registration and does not mean that Zero Hash Australia Pty Ltd. is licensed by a New Zealand regulator to provide crypto services.  Zero Hash Australia Pty Ltd.’s registration on the New Zealand register of financial service providers does not mean that Zero Hash Australia is subject to active regulation or oversight by a New Zealand regulator.  Zero Hash Europe B.V. is registered as a Virtual Asset Services Provider (VASP) registration by the Dutch Central Bank (Relation number: R193684).  Zero Hash Europe Sp. Zoo is registered as a VASP by the Tax Administration Chamber of Poland in Katowice (Registration number RDWW – 1212).

Connect with Zero Hash

Website | Twitter | LinkedIn | Medium

Zero Hash Disclosures

Zero Hash services and product offerings may not be available in all jurisdictions. Zero Hash accounts are not subject to FDIC or SIPC protections, or any such equivalent protections that may exist outside of the US. Zero Hash’s technical support and enablement of any asset is not an endorsement of such asset and is not a recommendation to buy, sell, or hold any crypto asset. The value of any cryptocurrency, including digital assets pegged to fiat currency, commodities, or any other asset, may go to zero. Zero Hash is not registered with the SEC or FINRA. Zero Hash does not provide any securities services and is not a custodian of securities, including security tokens, on behalf of customers.

About Connamara Technologies

Connamara Technologies is the leading provider of fully-integrated exchange infrastructure, empowering new and existing exchanges to operate with exceptional efficiency and reliability. Its EP3 platform is a new breed of exchange and clearing technology that seamlessly integrates all key functions into a single, robust platform. It is cost-accessible, adaptable, scalable and quick-to-market. Engineered for the evolving needs of the next generation of exchanges and marketplaces, EP3 is shaping the future of financial markets.

To learn more, please visit www.connamara.tech or connect on LinkedIn

Media Contact:

Randy Williams for Connamara
[email protected]
+1.917.213.5980

EPH2Comms.com 

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Connamara/Acuiti Study Finds Emerging Market Derivatives Exchanges Face Technology Hurdles in International Growth

Posted on by Connamara Technologies

In this thoughtful writeup by TradingTech Insight, from A-Team Group, Mike O’Hare points out some interesting findings in the recently published report Building Competitive Technology for the Exchanges of the Future from Acuiti.io in collaboration with Connamara Technologies:

Read the article here

Read the full report here

Jim Downs to Speak at Environmental Markets Association Annual Meeting

Posted on by Connamara Technologies

Jim Downs is headed to Scottsdale, AZ, to speak at the Environmental Markets Association 28th Annual Meeting. Jim will join a panel of industry experts to discuss Industry Upgrade: How to Leverage Technology to Enhance Environmental Markets.

Jim will be joined by moderator, Ken Nelson, President, Blue Delta Energy, LLC and fellow panelists, Brian Fallon, SVP, Xpansiv and Benjamin Gerber, President, M-RETS.

ForecastEx, event contracts, and a new way to think about markets – WatersTechnology

Posted on by Connamara Technologies

WatersTechnology’s Anthony Malakian speaks with the former CEO of OneChicago David Downey about his new venture, ForecastEx, and the future of prediction markets. 

As Anthony notes: It [ForecastEx] tapped Connamara Technologies to build ForecastEx’s tech stack using the former’s EP3 platform as the base, and then the vendor built out surveillance and compliance modules.

Read the full article here

The Future of Exchange Matching Engines with Connamara Technologies – hosted by Patrick Young

Posted on by Connamara Technologies

In this lively video, Patrick Young of Exchange Invest talks with Connamara Technologies’ co-founders Jim Downs and Maureen Downs about the growth opportunities and challenges for exchanges around the globe, the role of technology as a driver of growth and the complexities of building a successful exchange.

A matching engine is not an exchange, it’s all the things that go around an exchange. – Jim Downs

Want to learn more about how Connamara Technologies and its EP3 exchange and clearing platform is revolutionizing the exchange industry? 

Connamara’s EP3 Platform Powers the Launch of New Predictions Exchange, ForecastEx – A-Team Insight

Posted on by Connamara Technologies

ForecastEx, the new exchange focused on predictions markets for US economic indicators and global climate events, has successfully launched, utilising Connamara Technologies’ EP3 exchange and clearing platform, reports A-Team Insight.

“ForecastEx is underpinned by Connamara’s EP3 platform, which integrates key exchange functions into a unified system, offering market access, data distribution, order matching, execution, risk management, regulatory reporting, and settlement. Designed to meet the needs of evolving markets, including predictions, crypto, and tokenized real-world assets, EP3 is also adaptable to traditional trading markets like equities and derivatives.”

Read the full article here >>

Connamara Technologies’ EP3 Exchange and Clearing Platform Powers Interactive Brokers’ ForecastEx Predictions Exchange

Posted on by Connamara Technologies

VIA PR Newswire:

Austin, Texas – August 14, 2024 – ForecastEx successfully launched its innovative predictions exchange for contracts on US economic and global climate events on August 1st, backed by Connamara Technologies’ fully integrated EP3 exchange and clearing technology. 

ForecastEx, a wholly owned subsidiary of Interactive Brokers Group, Inc. (Nasdaq: IBKR), is licensed by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM) and a Derivatives Clearing Organization (DCO).

US economic events offered on ForecastEx include Unemployment Claims, Consumer Price Index, Retail Sales, Fed Funds, Housing Starts, and others. Global climate events include temperatures and atmospheric CO2. 

EP3 is a New Breed of Exchange and Clearing Technology: 

  • An end-to-end solution seamlessly integrating all key functions into a single, robust platform, including market access, market-data distribution, order matching and execution, exchange operations and administration, risk management, market surveillance, regulatory reporting, and clearing and settlement.
  • Purpose-built for the next generation of exchanges and marketplaces with technology that is quick-to-market, cost-accessible, and easily adaptable to new asset classes and ways of trading.
  • Meeting the evolving needs of dynamic markets like predictions, crypto, and tokenized real-world assets, while addressing regulatory requirements for traditional markets like equities and derivatives.

ForecastEx CEO David Downey:

“We’re impressed with Connamara’s ability to meet our exacting requirements with EP3 and deliver exchange and clearinghouse technology for an entirely new market. As ForecastEx grows, we expect to lean on the EP3 platform and team to introduce more innovative features for our customers.” 

Connamara Technologies CEO Jim Downs:

“It’s a privilege to work with the visionaries at ForecastEx and we’re grateful for their trust. We’ve enjoyed the challenge of building this unique market and look forward to working alongside the ForecastEx team to enhance its capabilities over time.”

# # #

About Connamara Technologies and EP3

Connamara Technologies is a leading provider of fully integrated exchange infrastructure, empowering new and existing exchanges to operate with exceptional efficiency and reliability via its EP3 exchange and clearing technology. Engineered for the evolving needs of the next generation of exchanges and marketplaces, EP3 is shaping the future of financial markets.

For more information, visit www.connamara.tech or LinkedIn.

For more information about ForecastEx, LLC, visit www.forecastex.com.

For information about Interactive Brokers Group, Inc., visit www.interactivebrokers.com.

MEDIA CONTACT

Randy Williams for Connamara
+1.917.213.5980
[email protected]
EPH2Comms

EP3 Introduces Cross-Platform Deployment, Up to 20% Reduction in Costs, Increasing Performance by up to 30%

Posted on by Connamara Technologies

In the latest release of EP3’s matching engine, version 0.4.42-1, we’re proud to unveil a transformative capability: cross-platform deployments for cloud CPUs, enhancing the versatility of our exchange technology and offering customers:

  • Universal compatibility and seamless operation across diverse hardware (including ARM64 chips) 
  • Cross-platform support that extends to future architectures not yet released (e.g., AWS Graviton2, Graviton3, and inbound releases)
  • Lower overall operational costs by supporting the most practical cloud CPU architectures (by up to 20%)
  • Potential performance enhancements clocking in around 30%

What is Cross-Platform Deployment?

Many of us are familiar with MacOS’s transition to “M” chips and the challenges of running older Intel 64-bit applications on M1 and M2 processors. These transitions often require users to wait for software vendors to update their applications and provide MacOS or Universal Binary support. Similarly, we may be aware of 32-bit compatibility mode on Windows but may not fully understand its purpose.

At the heart of these challenges lies the concept of cross-platform deployment. Every computer contains a CPU* chip that operates according to a specific set of instructions. Software applications must be translated into the language understood by the CPU to function properly. There are various “languages” spoken by CPUs, with 32-bit and 64-bit being just two examples among many. For instance, the Mac Notes app must be compatible with both Intel 64-bit CPUs in older machines and ARM 64-bit CPUs in newer M1 or M2 laptops, despite being 64-bit architectures.

The complexity extends to the cloud, where different CPUs offer varying cost levels, speed, and power consumption. However, not all CPUs “speak” the same language.

The EP3 Solution, Inspired by Customer Feedback: 

EP3’s new cross-platform deployments solve this multi-language translation issue and empower exchange operators to deploy to any Cloud CPU. EP3 cross-platform deployments are not much different from the MacOS Universal Binary. Our latest updates provide customers with one straightforward installation to use on any Cloud CPU that suits their needs without worrying about application support. 

This solution was driven by customer feedback and market demand. An EP3 customer approached us with a desire to lower their cloud costs by leveraging AWS Graviton CPUs. In response to this feedback, we introduced multi-platform support into our software build system, ensuring compatibility with ARM64 architecture and other future CPU innovations. This customer-centric approach to innovation underscores our commitment to providing solutions that meet the evolving needs of our users.

Once released, this feature will be available to all customers regardless of commercial specifics.

Stats: Lower Costs, Performance Enhancements Across the Board

According to our research, substantial evidence supports the benefits of cross-platform deployments regarding cost reduction and performance enhancement. 

While we’re just releasing this feature, similar case studies have shown that users can scale up to 30% while reducing costs by 20% using AWS Graviton3. Other examples cite 40% better price-performance and in another, 50% better performance. An average of 20% cost reduction and 30-40% increased performance is significant, even with domain or application-specific variation. 

Stay Updated:

Follow us on LinkedIn and subscribe to our newsletter to stay informed about the latest news and releases from EP3, ensuring that you never miss out on the latest advancements in our EP3 matching engine and exchange technology.

*Note: “CPU” and “processor” are interchangeable terms, as are “CPU language” and “hardware architecture.” Similarly, while “machine” typically refers to a device like a laptop, “machine type” may denote a category of CPU/processor that operates using a specific CPU/machine language/hardware architecture.

Connamara Technologies joins Google Cloud Partner Advantage

Posted on by Connamara Technologies

Exchanges Made Easy…with Google Cloud! 

Austin, TX, MAY 2, 2024 — Connamara Technologies announced today that it has joined Google Cloud Partner Advantage at the partner level for the Build engagement model. This gives Google Cloud customers the ability to create financial exchanges and other exchange technology solutions that are built with and run on Google Cloud. 

As a Google Cloud partner, Connamara Technologies offers customers the ability to build and operate highly customized exchanges with the EP3 platform as its foundation. Key features of the platform:

  • Order Matching Engines, Auctions, RFQs, and other market mechanisms
  • Exchange Operations and Reporting
  • Market Surveillance and Risk Tooling
  • Clearing and Settlement Workflows
  • APIs for other custom functionality and integrations

EP3 is supported by a dedicated team of professionals with decades of experience building custom software for capital markets. Connamara Technologies’ professional services and support teams allow customers to scale quickly, receive immediate support, and extend EP3’s functionality.

“Although EP3 can be deployed on-prem or to any cloud provider, it is an obvious fit for us to be a Google Cloud partner because we love building on the Google Cloud ecosystem and are confident we can provide our customers and future customers with a better experience of building marketplaces through this partnership with Google Cloud.”

– Daniel Davis, Head of Growth, Connamara Technologies

To learn more about how EP3 can help build your marketplace, contact [email protected].

About Connamara Technologies

Connamara Technologies builds future-ready exchange platforms and order matching engines. It’s the company behind EP3, the advanced exchange platform and order matching engine incubated by Connamara Systems. 

Learn more: https://www.connamara.tech

Connamara Technologies Granted Membership to FIA

Posted on by Connamara Technologies

AUSTIN, TEXAS, Feb 16, 2024

Connamara Technologies, the company behind EP3, the asset agnostic exchange platform, announces that it has been approved for membership to the Futures Industry Association (FIA, Inc). 

FIA is the leading global trade organization for futures, options, and centrally cleared derivative markets. With offices in Brussels, London, Singapore, and Washington, D.C., its mission is to support open, transparent, and competitive markets, protect and enhance the financial system’s integrity, and promote high standards of professional conduct. Since 1955, FIA has partnered with global regulators, promoted industry-led best practices, supported efficiency and innovation, and ensured the safety and soundness of global cleared derivatives markets now and in the future. 

Connamara Technologies can leverage this newly granted membership to connect with market participants, regulators, and industry leaders. With FIA’s high-level advocacy support, the Technologies team can access exclusive member-only data visualizations, including levels of trading activity on global futures exchanges, risk exposures at CCPs, the amount of customer funds held by U.S. clearing firms, and SEF volumes. FIA also maintains a central repository of exchange-provided risk controls and practices in global cleared derivatives markets for the use of FIA members.

Connamara Technologies will celebrate our membership acceptance by sponsoring the Pickleball Clinic at FIA Boca, the annual International Futures Industry Conference, on Mar 10, 2024.

“It’s an honor for our young company to be granted membership in FIA,” remarked Connamara Technologies co-founder and CEO Jim Downs. “The FIA and its prestigious membership ranks represent the leading thinkers driving future thinking in global derivative markets. Connamara Tech is pleased to be among this exclusive list of innovators.”

Access Connamara Technologies’ member profile and official announcement here. 

About Connamara Technologies:

Connamara Technologies is the company behind EP3, the asset-agnostic exchange platform conceived and incubated at Connamara Systems, a provider of capital market trading solutions since 1998. EP3’s comprehensive platform provides solutions for exchange operations, order matching and execution, market surveillance, and settlement. EP3 creates performant, reliable, and scalable marketplaces enabling an exchange to run continuously with virtually no downtime. Connamara Technologies and its team of experienced professionals enable big ideas and remain dedicated to developing innovative technology that better serves the needs of tomorrow’s exchanges. Learn more: https://www.connamara.tech/company/