Connamara Technologies

We are continually enhancing the functionality and performance that EP3 offers Exchange Operators. Two EP3 enhancements were released this month to further support our customers that require 24x7x365 uptime. We also updated our Pre-Trade Risk model to improve the capital efficiency of the customers of our exchange operators and enhanced the ability of exchange operators and customers to perform post-trade risk checks and reconciliations in real-time. 

EP3 Rolling Updates

EP3 was updated to support Rolling Updates. EP3 now supports full 24x7x365 trading. Several of our customers operate around the clock every day of the week. For those customers, it is a competitive advantage to not have a maintenance window. Listening to our customers we implemented a deployment strategy that allows individual microservices or the entire production exchange environment to be updated without needing to shut down the exchange or suspend trading. 

Trade Date Roll Scheduling

With Trade Date Roll Scheduling, Exchange Operators can set when the Trade Date changes to the next day, decoupling the Trade Date from the current calendar date. This addition improves downstream reporting for reports and queries that are Trade Date based as opposed to those based on Calendar Dates. Establishing a Trade Date Schedule allows 24x7x365  exchanges to trigger and perform end-of-day tasks without the need to close the exchange for a maintenance window or suspend of trading.

Improved Product Level Pre-Trade Risk Management

Exchange Operators can now establish pre-trade risk checks that net the long and short positions across a specific product for certain accounts. This improves the capital efficiency of the exchange customers. 

New Streaming Endpoint for Trade Reporting

Exchange Operators and their customers routinely require trade information for reconciliation and post-trade risk management. Realizing that this information is needed in real time, we established a new endpoint to stream trade information to exchange operators and their customers. This endpoint is not delayed by database querying but listens directly to the EP3 messaging infrastructure. 

Learn more about how EP3 can power your exchange

Austin, TX — July 2, 2025 — Connamara Technologies, a leading provider of exchange and matching engine technology, is proud to announce that its flagship platform, EP3^®, has been named Best Matching Engine for Trading Venues at the prestigious TradingTech Insight USA Awards 2025.

The award recognizes Connamara’s innovation, reliability, and performance in delivering advanced trading technology for global exchanges. Selected by a global audience of trading technology professionals—including customers, prospects, and industry peers—the win highlights Connamara’s rising influence and proven leadership in the exchange technology space. Since Connamara Technologies was founded in 2022, EP3 has become the go-to technology platform for innovative new exchanges around the globe. 

“This award is a testament to the engineering excellence behind EP3 and the trust our customers place in us,” said Jim Downs, Co-Founder and CEO of Connamara Technologies. “At a time when new exchanges are being launched and existing exchanges are rethinking their technology stacks, EP3 offers unmatched flexibility, speed to market, and total cost advantages. We’re thrilled to be recognized by the community we serve.”

EP3 powers exchanges on four continents, supporting trading across diverse asset classes, regulatory environments, and custody infrastructures. Customers include innovative market operators such as ForecastEx, Zero Hash, ArchitectX, Railbird Exchange, Figure Markets, and Bee4. 

From regulated derivatives markets to emerging digital asset venues, EP3 delivers the performance, flexibility, and integration capabilities today’s exchanges require. And because Connamara doesn’t operate its own exchange, customers benefit from true vendor neutrality and a partnership fully aligned with their long-term success.

The TradingTech Insight USA Awards celebrate excellence in trading technology and are voted on by a global audience of capital markets participants. Winners were announced at a reception in New York on June 24, 2025.

For more information on EP3 and Connamara Technologies, visit www.connamara.tech.

Media Contact:

[email protected]

Austin, TX, New York, NY – Thursday, June 26 – Connamara Technologies, a leading provider of fully integrated exchange technology solutions, is pleased to announce that Railbird Exchange has selected its EP3 exchange platform to power its newly approved U.S. regulated prediction market.

Founded in 2021, Railbird Exchange allows users to trade on the outcomes of real-world events – including economic indicators, entertainment, and cultural moments. On June 13, 2025, Railbird was granted status as a Designated Contract Market (DCM) by the U.S. Commodity Futures Trading Commission (CFTC), with plans to launch later this year.

Why EP3 Matters to Railbird Exchange

Connamara’s EP3 platform offers a high-performance, scalable, and fully integrated exchange solution that meets the rigorous demands of a regulated marketplace. With EP3, Railbird gains robust capabilities for order matching and execution, risk management, market surveillance, and more – all within a modular, API-extensible architecture.

Why Railbird Exchange Matters to Connamara Technologies

Railbird joins a growing roster of innovative markets across the globe choosing EP3 to reduce time to market and total cost of ownership. As a newly approved DCM focused on a fast-evolving asset class, Railbird exemplifies the type of forward-thinking exchange that EP3 is purpose-built to support.

From the Executives

“We made the decision to partner with Connamara well ahead of our regulatory approval, and the experience since has only reinforced that choice. EP3 has given us the flexibility, reliability, and support we need to bring a unique, regulated prediction market to life. Their team’s deep expertise and responsiveness have been instrumental in getting us ready for launch,” said Miles Saffran, Co-Founder of Railbird Exchange.

“We’re proud to support Railbird’s mission to build a transparent, CFTC-regulated marketplace for event-based contracts,” said Jim Downs, Co-Founder and CEO of Connamara Technologies. “Our work together reflects how EP3 enables new exchanges to launch quickly, scale confidently, and meet the demands of modern trading participants.”

About Connamara Technologies and EP3

Connamara Technologies is the only provider of end-to-end, cloud-first, fully-integrated exchange infrastructure technology, empowering new and existing exchanges to operate with exceptional efficiency and reliability via its EP3 exchange and clearing platform. Engineered for the evolving needs of the next generation of exchanges and marketplaces, EP3 is shaping the future of financial markets. For more information, visit www.connamara.tech.

About Railbird Exchange

Railbird Exchange will offer an event contracts derivatives exchange that lets users trade on their predictions. By harnessing trading activity across finance, policy, environment, entertainment, and sports verticals, Railbird will generate real-time insights that will allow individuals and businesses to manage outcomes in an ever-changing world. For more information, visit www.railbirdexchange.com.

Media Contacts

Connamara Technologies, Inc.

[email protected]

Railbird Exchange

[email protected]

We are continually enhancing the functionality and performance that EP3 offers Exchange Operators. In response to customer feedback and our internal product roadmap, EP3 now supports the following:

FIX Order Gateway and Trading API Enhancements

Exchange Operators can now restrict the Order Execution Instructions (such as Participate Don’t Initiate) available to their customers. This allows the Exchange Operator to align the available Execution Instructions with market expectations or the exchange rule book.

Performance Updates

The EP3 Order Manager (which manages order state) starts up significantly faster. This allows this component to upgrade faster and recover faster in case of an exception. 

The Trading API, that provides market access, was improved to validate accounts faster reducing critical path order latency.

The Admin API, that allows Exchange Operators to manage the exchange, was improved to return snapshots of an instrument’s unaggregated book faster.

Several end-of-day and real-time market surveillance alerts were improved to execute faster in order to accommodate exchanges with extremely heavy order volumes.  

General Enhancements

Exchange Operators can now configure their tradable instruments to include a Start Time in addition to a Start Date. This allows Exchange Operators more flexibility in designing when their instruments start trading and expire within a trading schedule.

Filtering of Accounts and Users was enhanced to include the ability to search for accounts not associated to a user and vice versa. 

Learn more about how EP3 can power your exchange

VIA PR NEWSWIRE

Austin, Texas – May 28, 2025  Connamara Technologies, the leader in fully-integrated end-to-end exchange technology, is pleased to announce that its EP3^® exchange infrastructure solution is the technology choice of Figure Markets, a leader in decentralized finance.  Figure Markets successfully launched its innovative DeFi marketplace on March 20, 2024.

Figure Markets is Building the Exchange for Everything

Figure Markets is democratizing finance through the blockchain by building an exchange for everything – a decentralized custody marketplace for crypto, stocks, bonds, credit and more. The exchange combines leverage, margining, and liquidity with extensive borrowing options and unique investment opportunities.  Decentralized custody ensures that exchange members have control of their own assets and data.

In February 2025, Figure Markets launched the first interest-bearing transferable stablecoin (YLDS) native to a public blockchain, registered with the Securities and Exchange Commission.

EP3 is Powering a New Breed of Exchanges

EPS is a cloud-first, end-to-end exchange and clearing solution seamlessly integrating all key functions into a single, robust platform, including market access, market-data distribution, order matching and execution, exchange operations and administration, risk management, market surveillance, regulatory reporting, clearing, and settlement.

It is purpose-built for the next generation of exchanges and marketplaces, with technology that is quick-to-market, cost-accessible, and easily adaptable to traditional asset classes as well as new asset classes. These include equities, futures, crypto, tokenized assets, events, sports, and more.

EP3 is powering exchanges around the globe, including predictions exchange ForecastEx (a wholly-owned subsidiary of Interactive Brokers), Brazilian tokenized equities exchange BEE4, and digital assets infrastructure platform ZeroHash.

Figure Markets Head of Product – Exchange Randy Myers:

“We’re impressed by Connamara’s ability to meet our exacting requirements with EP3 and deliver customized exchange technology tailored to our self-custody model. As Figure Markets expands its product offerings and customer base, we expect to lean on EP3 to help accelerate our growth.”  

Connamara Technologies CEO Jim Downs:

“It’s a privilege to work with the team at Figure Markets. They are a team of professionals that are bridging the gap between DeFI and TradFi. We are grateful for their trust. We’ve enjoyed the challenge of working together to build this exciting new marketplace and look forward to witnessing their continued success.

# # #

About Connamara Technologies and EP3

Connamara Technologies is the only provider of end-to-end, cloud-first fully-integrated exchange infrastructure technology, empowering new and existing exchanges to operate with exceptional efficiency and reliability via its EP3 exchange and clearing platform. Engineered for the evolving needs of the next generation of exchanges and marketplaces, EP3 is shaping the future of financial markets.

About Figure Markets

Figure Markets is democratizing finance through blockchain. The company is building the exchange for everything – a decentralized custody marketplace for crypto, stocks, bonds, credit, and more. By offering best-in-class leverage, margin trading, and liquidity, Figure Markets provides members with extensive borrowing options and unique investment opportunities. With its decentralized custody exchange, it puts members in control of their own assets and data, disintermediating legacy brokers, exchanges and lenders. 

Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from TradFi, fintech, and DeFi, including Mike Cagney and June Ou.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the foregoing securities. Registration with the SEC means that the SEC has made the offering effective. The SEC has not approved or disapproved these securities, nor have they passed upon the accuracy or adequacy of this offering.

For more information about Figure Markets, visit www.figuremarkets.com

For more information about Connamara, visit www.connamara.tech

MEDIA CONTACT

Daniel Davis

Head of Growth
[email protected]

We are continually enhancing the functionality and performance that EP3 offers Exchange Operators. In response to customer feedback, EP3 now supports the following:

FIX Order Gateway and Market Data Gateway Enhancements

Thanks to our friends at Connamara, the creators and maintainers of QuickFIX/go, the EP3 FIX Order Gateway can be configured to reset the sequence numbers of a session without disconnecting the session. This is important for exchanges that engage in 24/7×365 trading.

Exchange Operators can set up the FIX order gateways in a highly available configuration by deploying identical FIX sessions on two separate physical gateways. This allows exchanges to run totally redundant FIX end points for order submission. 

Additional logging option: The EP3 FIX gateways can be configured to publish log statements directly onto the EP3 messaging infrastructure rather than to a log file. The addition of this option improves the performance of the FIX gateways while retaining the valuable information contained in the FIX logs. Using this option allows additional downstream services to be set up to monitor, alert, and analyze FIX gateways in real time. 

For Exchange Operators whose customers may require it, EP3 FIX Order Gateways can be configured to return an ExecutionReport with a status of PENDING_NEW. A PENDING_NEW status indicates that the corresponding order was received by the Exchange (at the FIX gateway) but has not been processed by the matching engine. Customers may desire this behavior if their order management systems expect this status as part of their workflow. 

Performance Updates

Improvements to matching engine performance were made by reducing the size of critical path messages. 

Exchange Operators can now tune EP3 Pre-Trade Risk workflows to only check the orders from specific customers. This can significantly improve the overall performance of EP3. 

Banking Service Enhancements

The Banking Service manages deposit and withdrawal workflows between EP3 and commercial banks. Several functional enhancements were made including making it easier for Exchange Operators to verify cash held in a commercial bank account versus the value recorded in EP3. 

Trading API Update

A new API endpoint, GetOpenOrders, was added to the Trading API. This new endpoint allows exchange customers to monitor their open orders. GetOpenOrders eliminates load on the database during trading and thus improves the overall performance of EP3. 

More granular filtering was added to the Trading API endpoint CreateOrderSubscription. Exchange Operators can now filter the subscription by a combination of instrument symbols and/or accounts. This granularity allows Exchange Operators to establish more targeted subscriptions for downstream order monitoring and reporting.

Additionally, the CreateOrderSubscription can be queried to return only a snapshot of the orders in an EP3 book.

 Learn more about how EP3 can power your exchange

On March 7, 2025, Maureen Downs was awarded the Trailblazer Lifetime Achievement Award (Vendor) at the WatersTechnology Women in Technology and Data Awards.

Following her win, WatersTechnology asked Maureen to share some thoughts about her professional background and her career journey.  In this Q&A, Maureen discusses her successes and challenges, offers thoughts on mentorship, and reveals the best career advice she ever received.

maureen-downs-connamara-witad-waters0325

SAVE THE DATE!

The Association of Futures Markets and EP3 by Connamara Technologies are pleased to announce that AFM Tech Day 2025 is coming to Chicago, USA on November 14 at the Union League Club.

Join us for insightful discussions on implementing exchange solutions, the latest tech trends and industry insights.

Stay Tuned – more details coming soon.