EP3® Update Highlights June 2025
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.