The Customer

ElectronX™ is a new electricity market designed to enable precision risk management, volatility hedging opportunities, and the monetization of power assets for all energy market participants. As a CFTC-regulated financial exchange (subject to approval), ElectronX will offer derivatives products that capture the intraday price fluctuations of our rapidly changing electrical grid—helping to smooth the financial path of clean energy adoption across the nation.

The Challenge

EP3^® offers the Exchange operators the ability to track the deposit and withdrawal of funds into and out of accounts on the platform. ElectronX needed a means to track, reconcile, and report those transactions from within their corporate general ledger. ElectronX is leveraging Oracle NetSuite^® as their corporate general ledger.

The Solution

ElectronX engaged the professional services team at Connamara Tech to integrate EP3 with the ElectronX instance of Oracle NetSuite via the API that NetSuite provides.

The team at Connamara Tech utilized the EP3 Back Office API to integrate the data held within EP3 into the ElectronX general ledger.

The Results

ElectronX can now leverage the functionality of Oracle Netsuite to perform tracking, reporting and reconciliation of funds and exchange fees of their customers. Connamara Tech can now offer this integration to other customers that utilize Oracle NetSuite as their general ledger provider.

Exchanges Made Easy^™

EP3 by Connamara Technologies is lowering the barriers to starting and operating an exchange. EP3 is built from the ground up to provide a robust set of API that allows customers to leverage the data and information contained in EP3, extend EP3’s functionality and create workflows that fit the market they are building.

Connamara Technologies also provides expert assistance to customers through a best-in-class professional services team that is led by software engineers with years of experience developing advanced solutions for capital markets.