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.

 

   – Jim Downs, Founder and CEO

In The News

Articles to reflect upon

Exchanges Powered By the Cloud: Connamara Systems’ Jim Downs at FIA Expo 2019

BY:  JLN News
Jim stopped by the John Lothian News booth at Expo, talking about EP3 and how cloud computing has proven to be a gamechanger for scaling exchanges.

Read more »

MaterialsXchange Launches with First Raw Materials Transaction

BY:Business Wire
Over the summer, MaterialsXchange became our first EP3-specific client. Just four months later, they completed their first transaction. Congrats, guys!

Read more »

People Moves: Refinitiv, Apex, Connamara Systems, Ascertia; WatersTechnology

BY: Waters Tech
We recently announced our advisory board, and our three new board members are second to none. WatersTech covered the news here.

Read more »

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

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

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.

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