As 2018 draws to a close, Connamara reflects on an exciting year and some amazing milestones for us and our partners:
Our client, American Financial Exchange (AFX), continues their incredible growth setting all new records in 2018 for membership and transaction volume:
- Transactions of more than $275 billion since launch
- Membership has grown from original 6 founding members to now include 114 financial institutions
- First quarter volumes in 2018 went from a daily average of $356 million to $1,111 billion in the fourth quarter
- Trend continues with transaction volume over $1.2 billion daily in December
Our client, FreightWaves, continues to be recognized for their disruptive technology in the freight and logistics industries including:
- Winner of the Futures Industry Association (FIA) Innovator of the Year Award
- Winner of the Rise of the Rest award (organized by internet Pioneer Steve Case and the Rise of the Rest Seed Fund)
- Winner at the Barchart FinTech Exchange Event
- Crunchbase Top 100 Ranked Startup
- Named to 2018 VC Breakout List
Continuing our commitment to the FIX Trading Community we again sponsored the flagship Americas Trading Briefing event in New York as well as hosted the Chicago Regional Meeting at our offices in July. These events are a great opportunity to keep abreast of the ever evolving FIX protocol and a terrific chance to meet with clients and partners and showcase the latest developments in and around QuickFIX. We look forward to continued involvement with FIX Trading Community in 2019.
Profiled on Built In Chicago
Connamara was featured in Built in Chicago’s in Insider Spotlight series which showcases the hottest technology companies to work for in Chicago. The coverage includes highlighting the guiding principles at Connamara, in-depth interviews with key personnel, and even a photo spread of our new offices in the heart of downtown Chicago.
Connamara released QuickFIX/N v1.8 this year. Providing commercial support for QuickFIX continues to be a focus at Connamara as an ever diminishing number of commercial FIX engines are available in the capital markets as a result of industry consolidation. QuickFIX continues its role as a key open source alternative in the marketplace.
Connamara further continues its commitment to open source by actively contributing to over 17 projects in capital markets in 2018.
Connamara business analysts and software engineers adhering to the Connamara disciplined approach of agile software development wrote over 10,000 automated tests and one million lines of code for customer engagements in 2018.
Early 2019 will bring the launch of Version 3 of the Connamara Exchange Platform. The latest version expands functionality and provides even higher throughput and lower latency while continuing to leverage the latest in cloud infrastructure to reduce upfront costs and time-to-market for our clients.
On the regulatory front, the Consolidated Audit Trail (CAT) timeline will take center stage and be a key area of focus for 2019. Similar to the major MiFID II regulations that went into effect in January of this year the November 2019 deadline for CAT is an area where Connamara engineering expertise will assist the industry in complying with this important mandate.
As we reflect on 2018, we look forward to an exciting 2019!
If you would like to hear more about how Connamara can help with your technology plans for the coming year, please contact us at email@example.com.