Connamara Systems Adds Auction Functionality to Exchange Matching Platform EP3™

The new capability enables users to conduct initial offerings of assets

Connamara Systems, a leading provider of exchange matching engine technology, today announced that it has enhanced  the matching capabilities of EP3 with  functionality to allow clients to set up and conduct Dutch auctions. Clients can now configure EP3 to match orders using continuous matching of a central limit order book, Request for Quote (RFQ), off exchange negotiated trades, and by Dutch auction. The Dutch auction is the widely-used standard by which capital markets conduct initial offerings of assets. With an EP3 implementation, clients can hold an initial offering and then move immediately into secondary trading of the auctioned asset.  

Launched by Connamara in March 2019, EP3 offers best-in-class speed and reliability to meet the needs of the most demanding of marketplaces, on-the-fly scaling to address rapid growth in order flow, and self-healing capabilities in order to automatically rebalance order flow in the event of a matching engine failure. EP3 provides enhanced performance, price transparency, and improved liquidity for  exchanges and marketplaces across a wide range of asset classes, both regulated and non-regulated, and is deployable in private, public, or hybrid-cloud environments. To learn more about Connamara’s EP3 services, please contact Sales at sales@connamara.com.

About Connamara Systems, LLC

For over 22 years, Connamara has been fulfilling the business needs of capital markets clients by combining certainty of delivery with the highest possible quality. With unparalleled responsiveness to client needs, Connamara has engineered matching engines, trading platforms, risk systems, execution and order management systems, trading user interfaces and dashboards for exchanges, brokerages, fund managers, market makers, and proprietary traders. Its clients include innovative new marketplaces as well as leading global exchanges who rely on Connamara for the breadth of its domain knowledge and engineering expertise in market structure, trading, and system design. Connamara’s latest version of its platform, EP3, was released in March 2019. Built from the ground up utilizing Connamara’s best practices for design, testing, configuration, and deployment, EP3 offers extraordinary speed, resiliency, scalability, and self-healing capabilities.