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
Hybrid-cloud matching engine technology. Keeping exchanges resilient, self-healing, and scalable. #ExchangesMadeEasy
Congrats to our client, @the_afx, for setting a monthly volume record on their platform for interbank lending and borrowing this past March. https://mondovisione.com/media-and-resources/news/american-financial-exchange-ameribor-benchmark-sets-monthly-weekly-and-daily/
We are proud to announce that our #EP3 platform made the Best New Product shortlist for @marketsmedia’s 2020 Markets Choice Awards. Shoutout to all of our team members who have contributed to making EP3 a success. https://www.marketsmedia.com/2020-markets-choice-awards/
#ICYMI: In March we released Behind Connamara’s Code, a two part blog series by VP Engineering & Head of Sales Engineering Mike Gatny. In Part 1, Mike describes his role, his background, and what makes Connamara special. https://www.connamara.com/behind-connamaras-code-mike-gatny-part-1/
#CareersAtConnamara: Connamara is in #hiring mode. We are searching for an Agile Trading System Engineer to join our team. #WhyConnamara? We have world class clients including @M_Xchange, @the_AFX, and @FreightWaves. https://www.connamara.com/join-us/ #JobSearch
#ICYMI: What’s new and exciting at Connamara? #EP3 is gaining traction, we have taken on clients outside of #capitalmarkets, and we’re adding the ability to do RFQs. Check out this interview between CEO @jcdowns and @JohnLothianNews to find out more. https://johnlothiannews.com/jim-downs-connamara-and-the-markets-a-year-later/