New functionality enables access to DTCC clearing services
Connamara Systems, a leading provider of exchange matching engine technology, today announced that it has released an adapter that will allow new and existing clients of its flagship exchange platform, EP3, to connect to the Depository Trust and Clearing Corporation (DTCC). DTCC subsidiaries National Securities Clearing Corporation (NSCC) and Fixed Income Clearing Corporation (FICC) deliver highly efficient clearing services across the U.S. equities and fixed income markets, reducing risk and cost for clients, while ensuring safety and reliability in the marketplace. Simplifying connectivity to DTCC is a significant advancement that allows for automated transmission of trade capture reports compliant with DTCC requirements. With support for DTCC, EP3 continues its rapid evolution to becoming the standard for exchange matching solutions in the capital markets.
Launched by Connamara in March 2019, EP3 offers best-in-class technology, speed and reliability to satisfy the requirements of the most demanding marketplaces including on-the-fly scaling to address rapid growth in order flow and self-healing capabilities that 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 email@example.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.