Introducing the EP3® Settlement Price API
Today, Connamara Technologies announces the release of the new Settlement Price API for EP3.
Regulated derivatives and other exchanges may be required to set a Daily Settlement Price for each contract, along with a Final Settlement Price when the contract expires. The setting of these prices is crucial as in many cases, it will trigger the transfer of funds between exchange participants.
While setting a settlement price is ubiquitous, the method used to determine its value can vary significantly between different asset classes and exchanges.
Because EP3 offers the Settlement Price API, exchange customers can implement a bespoke settlement price calculation strategy – tailored to their asset classes and the market they are serving.
The EP3 Settlement Price API allows EP3 exchange customers to:
- Access pricing data of assets traded by the exchange on EP3
- Create a custom settlement price calculation and approval workflows
- Set the Daily and Final Settlement Prices for assets traded on their exchange
At Connamara Technologies, we are continually striving to improve how our customers interact with the EP3 platform. A key pattern we put in place when we first designed EP3 was to allow our customers to interact with the functionality and data within EP3 via a set of well-defined and easy-to-use APIs.