A premier global proprietary trading firm with offices in Chicago, New York, and London, found their engineers stretched thin. Their internal team was deeply engrossed with projects designed to generate alpha for the firm, leaving little time for projects that would assist in smooth trading operations.
Like many proprietary trading firms concerned with sensitive and confidential information, the client was wary of outsourcing software development.
But, when presented with Connamara’s prior work in the financial technology industry and active involvement in the Open Source community, particularly with QuickFIX, the client was confident in us as an outside vendor.
The firm’s ask required engineering services with flawless execution, seamless integration, flexibility, and compliance with security standards.
Working directly with their Head of Technology, Connamara developed a plan for integrating with their teams that would provide them with reliable, fast, and secure solutions. We leveraged our deep capital markets expertise to improve the client’s software development methods and velocity on projects.
By acting as a force multiplier to their internal teams, Connamara made a deep impact with deadline efficiency, enhancing speed, robustness and reliability.
The partnership between Connamara and this proprietary trading firm has since evolved. Today, Connamara has a flexible arrangement to augment their team on any number of back or middle office projects as needs arise.
Due to our total adaptability and openness, Connamara has successfully delivered multiple new projects, including:
- Handling trade capture reports from various exchanges and other venues
- Improving automated build processes
- Routinely implementing FIX dropcopy adapters for new venues
- Performing project discovery, requirements gathering, and analysis and design for various systems
Connamara continues to provide certainty of delivery on important projects allowing our client to confidently pursue their ever-expanding global trading operations.