Connamara Systems Selected by MaterialsXchange as its Matching Engine Technology Provider
Summary
CHICAGO--(BUSINESS WIRE)--Connamara Systems, a leading provider of exchange matching engine technology, today announced that it has been retained by MaterialsXchange, a startup aiming to create a digital marketplace for raw materials industries. This market is currently highly fragmented, requiring a complex, cumbersome, and entirely manual process between a buyer and seller to complete transactions, making it ripe for digital disruption. EP3 provides enhanced performance, price transparency, and improved liquidity for small-to-midsize exchanges across a wide range of asset classes, both regulated and non-regulated, and is deployable in a private, public, or hybrid-cloud approach. Headquartered in Chicago, IL, the company seeks to foster the evolution of commerce in commodity raw materials by empowering users with its digital platform, which creates efficient transactions and real-time pricing for all market participants. Its clients include innovative new marketplaces as well as leading global exchanges who rely on Connamara for the breadth of its domain knowledge and engineering expertise in market structure, trading, and system design.