TeraExchange Leverages EP3 Platform to Power Swap Execution Facility

Swap Execution Facility – Client Success Case Study

The Client

TeraExchange is a global pioneer in the regulated derivatives marketplace, providing a multi-asset class platform for trading an array of financial instruments including contracts on interest rates, FX, and digital instruments.

The Challenge

Having experienced rapid growth, TeraExchange required a modern exchange platform to replace their existing provider’s limited solution, which was stifling their ability to scale and innovate. EP3™ exceeded their requirements for performance, reliability, low latency, and availability of modern APIs, but did not have integrations to third parties that were required to move forward with the project — specifically, support for their central counterparty clearing partners, CME and London Clearing House (LCH), and their vendor for trade practice reporting and surveillance, Eventus Systems, which required EP3™ to work with the industry-leading Validus platform.

The Solution

Connamara Professional Services scoped the requirements for the integrations and delivered a detailed timeline with precise cost estimates for extending EP3™ to support their needs. Once TeraExchange signed off on the plan, the project was launched in earnest to meet the aggressive timelines. Adhering to the established Connamara agile methodology, the Connamara Professional Services team delivered on time and on budget and the client progressed towards launch.

The Results

EP3’s cutting-edge technology provided TeraExchange with industry-leading speed, state-of-the-art self-healing capabilities, and customized, flexible integrations. The seamless infrastructure assures future-proof capabilities designed specifically to meet the unique needs of TeraExchange and its users.

With these customized integrations, the TeraExchange team launched the SEF with confidence, secure in the knowledge that they not only had a solution for their current needs, but also a robust foundation for future scalability and innovation, courtesy of EP3’s cutting-edge capabilities. As the marketplace rapidly evolves, the TeraExchange team continues to rely on our experts at Connamara Professional Services to provide tailored solutions that meet their needs at every turn.

“TeraExchange’s expertise in swaps trading, combined with EP3’s advanced capabilities, allows us to provide a reliable and secure trading platform for institutional players,” said TeraExchange CTO Paul Jenkins. “Connamara Technologies’ track record in the industry is second-to-none, and we’re thrilled to work with them to launch our innovative, agile platform.”

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