Connamara Quarterly
Thoughts from our CEO
This past June, we posted a blog about getting startups to the first trade. In early November, we practiced what we preach. Our client, MaterialsXchange, using our exchange platform (EP3), completed the first transaction on its newly-launched platform only four-and-a-half months after engaging Connamara.
Connamara leveraged the off-the-shelf functionality, ease of deployment, and flexibility of EP3 to create a marketplace customized to the complex business rules of the cash market for dimensional lumber and wood products. MaterialsXchange, using EP3, is providing improved price transparency and discovery to the lumber market.
According to MaterialsXchange CEO Mike Wisnefski, demonstrating to potential customers the ability to transact on the platform in such a short amount of time has moved the discussions from “what if you could…” to “you can now…”. This is allowing Mike and his team to start onboarding new customers immediately.
While MaterialsXchange was built as an MVP, the platform is ready built to scale to the size of the market because of the built-in scalability and throughput of EP3.
If you are contemplating building a platform to bring price transparency and discovery to a market, contact us and we will get you to the first trade, and beyond.
In The News
Articles to reflect upon
Exchanges Powered By the Cloud: Connamara Systems’ Jim Downs at FIA Expo 2019
BY: JLN News
MaterialsXchange Launches with First Raw Materials Transaction
BY:Business Wire
People Moves: Refinitiv, Apex, Connamara Systems, Ascertia; WatersTechnology
BY: Waters Tech
Inside look: Daniel Curry, Head of Business Development
WHAT ARE YOUR PRIMARY RESPONSIBILITIES AT CONNAMARA?
Developing and implementing strategy for generating new business. This includes building out our sales and marketing efforts, generating new relationships, and cultivating opportunities among existing clients.
WHAT ARE YOU MOST EXCITED ABOUT WORKING ON RIGHT NOW?
As 2019 comes to a close, we have been planning our continuing expansion into 2020. With such a strong year in 2019, including the launch of EP3 and many major custom development projects underway, we plan to rapidly expand our sales and account management staff along with more project managers, engineers, and business analysts. It’s a very exciting time right now at Connamara.
Social Spotlight
Connamara SystemsFollow
EP3 was built to optimize the experience of both admins and #traders on the exchange. We help create an easy, simple, and customizable experience for the end user, as seen in the wide variety of order types available for your marketplace. #EP3iskey
Our client Richard Sandor, CEO of @the_afx, spoke with @TheStalwart & @tracyalloway about why #AMERIBOR is a suitable benchmark & replacement for #LIBOR. We’re proud to have played a role in the development of their underlying exchange tech. https://www.connamara.com/connamara-american-financial-exchange-case-study/
PART III of our LIBOR series is out.
@tracyalloway and I interviewed Richard Sandor, CEO at the American Financial Exchange, who has a totally different idea of what a benchmark lending rate should be. https://www.bloomberg.com/news/articles/2020-06-03/the-case-for-ameribor-as-the-replacement-for-libor?sref=vuYGislZ
Administrative tools are always on hand and easy to find. Retrieving order history is simple, and when necessary correcting or busting a trade is only a few button clicks away. #EP3iskey
Exchanges in capital markets today require ready access to all activity on the exchange. EP3’s user interface makes it simple to access and filter through vast amounts of order history and time and sales data. #EP3iskey
Exchanges in capital markets today require ready access to all activity on the exchange. EP3’s user interface makes it simple to access and filter through vast amounts of order history and time and sales data. #EP3iskey
On behalf of the Connamara team, we honor those who have given their lives in service to our country. Happy Memorial Day from our team.