What Connamara Technologies does

Connamara Technologies is a privately held Austin, Texas-based financial technology company that licenses EP3, a cloud-native, modular exchange and clearing platform, to exchange operators and clearinghouses. The company was spun out of Connamara Systems in 2022 to commercialize the EP3 platform, which originated from the parent company's 1998-era exchange engineering practice. EP3 bundles three core modules — a matching engine (up to 120,000 orders per second with sub-8 microsecond average latency and self-healing Kubernetes orchestration), a clearing engine (funds, positions, risk, and settlement), and a market surveillance module (real-time and end-of-day configurable alerts) — into a single stack that supports Central Limit Order Book, Request for Quote, and auction market mechanisms and runs across AWS, Google Cloud, Azure, on-premises, or hybrid deployments. The platform is asset-class agnostic, with documented production deployments in prediction markets (ForecastEx for Interactive Brokers; Railbird before its DraftKings acquisition), digital asset venues (Zero Hash, Figure Markets), perpetual futures (AX in Bermuda), electricity derivatives (ElectronX), tokenized equities (BEE4 in Brazil), and crypto. The platform also offers a suite of FIX, Binary, and RESTful APIs and pre-built integrations with CQG, Eventus, JPMorgan, BMO, Oracle NetSuite, and MGEX.

Connamara monetizes EP3 through enterprise licensing subscriptions, professional services for customization and implementation, and recurring support agreements priced per deployment. Go-to-market is direct enterprise sales targeting exchange operators and clearinghouses, complemented by event presence (FIA Boca, Association of Futures Markets) and an active awards and case-study motion. As of March 2026, the platform powers 13 exchanges and 3 clearinghouses globally. The leadership team is led by co-founders Jim Downs (CEO) and Maureen Downs (Chair, former NFA Chair 2020-2024), with functional leadership in operations (Kirk Kozel), revenue (Daniel Davis, CRO since December 2025), engineering (Matt Lane), information security (John Vatianou), and principal architecture (Mike Wilner). Connamara is SOC 2 Type II certified.

The customer base skews toward regulated and emerging-market venues, with notable marquee reference accounts including Interactive Brokers' ForecastEx, Zero Hash, ElectronX, Figure Markets, and AX. Customer concentration is anchored on a small number of enterprise production deployments, each typically representing a multi-year, multi-million-dollar contract envelope given the mission-critical nature of matching and clearing for a live exchange. Operating geographies span the United States, Brazil (BEE4), and Bermuda (AX), with expansion into APAC via the Quick Suite Trading partnership.

Name

Connamara Technologies

Legal name

Connamara Technologies, Inc.

Website

https://connamara.tech

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Connamara Technologies licenses EP3, a cloud-native exchange, clearing, and market surveillance platform, to exchange operators and clearinghouses across asset classes including predictions, perpetuals, energy derivatives, tokenized assets, and crypto, selling through direct enterprise licensing and professional services.

Ownership category

akta.pro rank

Product category

Exchange and Clearing Technology Platform

NAICS

Securities and Commodity Exchanges (523210), Securities and Commodity Contracts Intermediation and Brokerage (5231), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Security & Commodity Brokers, Dealers, Exchanges & Services (6200), Finance Services (6199)

akta.pro primary industry

Multi-Asset Electronic Trading Platforms (FSAFANAH)

akta.pro secondary industries

Tokenization Platforms (RWA, Securities, Funds) (FSAGAMAA), Interoperability & Cross-Chain Infrastructure (Bridges, Messaging, Atomic Swaps) (FSAGAMAI)

Keywords

• Exchange platform
• Matching engine
• Clearing infrastructure
• Market surveillance
• Capital markets technology

Headquarters

HQ city

Austin

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Platform Licensing: Connamara Technologies licenses its EP3 exchange and clearing platform to exchange operators. Licensing arrangements are enterprise-level agreements typically including implementation, customization, and ongoing support components. The platform can be deployed as a full-stack solution or modular components.
2. Professional Services: Implementation, customization, integration, and consulting services delivered by experienced capital markets technology experts. Includes discovery process, technical requirements definition, gap analysis, and deployment planning.
3. Support Services: Ongoing technical support aligned with exchange needs, from regular business hours to 24/7/365 coverage. Provides direct interaction with EP3 experts for issue resolution.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

Connamara Technologies develops and licenses EP3, a cloud-native, end-to-end modular platform that integrates exchange matching, clearing, and market surveillance into a single system. The platform powers regulated derivatives, prediction, digital asset, and tokenized securities venues for exchange operators and clearinghouses, licensed alongside implementation, customization, and 24x7x365 support services delivered by capital markets technology experts.

Product overview

Connamara Technologies offers EP3, a modular, cloud-first exchange and clearing platform that integrates all key functions into a single, unified system. The platform consists of three principal modules: EP3 Exchange (matching engine supporting up to 120,000 orders/second with sub-8 microsecond latency), EP3 Clearing (funds, positions, risk, and settlement management), and EP3 Market Surveillance (real-time and end-of-day trading monitoring). These core modules are complemented by a suite of APIs (Market Access, Settlement Price, Back Office, Exchange Admin, Clearing Firm Admin, Contribution, FIX Dropcopy, Market Surveillance, and Trade Clearing) and pre-built integrations with third-party solutions (CQG for order entry, Eventus for surveillance, JPMorgan/BMO for banking, Oracle NetSuite for accounting). The company provides professional services and support offerings including discovery, implementation, and ongoing technical support. EP3 is asset-class agnostic and supports diverse markets including predictions, crypto, energy derivatives, tokenized assets, and traditional financial instruments.

Differentiator

Problem solved

Functional benefit

Products and services

• EP3 Exchange Award-winning cloud-native matching engine and exchange platform supporting 24x7x365 continuous trading with up to 120,000 orders per second and sub-8 microsecond average matching latency. Supports Central Limit Order Book (CLOB), Request for Quote (RFQ), and auction workflows, with self-healing capabilities and deployable as cloud, on-premises, or hybrid. Built for regulated derivatives, prediction, crypto, and tokenized asset venue operators.
• EP3 Clearing Core clearing and settlement engine managing funds, positions, risk, and settlement. Includes a deterministic clearing engine, flexible account hierarchies, full funds and ledger management, risk and buying power controls, transparent audit trails, ecosystem connectivity, and operational security with four-eyed approval workflows. Used by derivatives clearing organizations and central counterparties.
• EP3 Market Surveillance Real-time and end-of-day configurable monitoring of customer trading activity with rule-based alerts for suspicious behavior including front running, unusual order size and frequency, wash trades, spoofing, unusual price and volume activity, insider trading, cross trading, and beneficial ownership data alerts. Available to exchange operators running EP3 Exchange.
• Professional Services Expert consulting and delivery services from EP3 builders covering asset class and regulation tailoring, customization and feature development, and exchange implementation guidance. Engaged via a structured discovery process that defines technical requirements, performs gap analysis, and plans deployment.
• Support Services Ongoing technical support aligned with exchange needs, ranging from regular business hours to 24/7/365 coverage, with direct interaction from EP3 experts familiar with the technology stack. Available in tiered packages scaled to venue requirements.

Quantifiable outcome

• 120,000 orders per second with sub-8 microsecond matching latency
• +4 more outcomes

Named customers8 records

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

AI capability2 records

Feature8 records

Partnerships

Six partnerships are on record, tiered major, regional and minor.

• ExactpromajorTechnology or Integration · 18 March 2026Connamara Technologies engaged Exactpro as independent software testing specialist for third-party testing of EP3 platform. Exactpro will deliver functional and non-functional testing covering core platform services, components, and integrations. The engagement aims to strengthen EP3's robustness, scalability, and operational resilience, and establish a consolidated test library for future development.
• Quick Suite Trading (QST)regionalImplementation/ SI/ Consulting PartnerQST partnered with Connamara for APAC Bourse on-prem deployment. QST provided hosting, systems integration, and support services combined with Connamara's EP3 technology for a complete solution satisfying performance, security, and compatibility requirements in the Asia-Pacific region.
• TeraExchangemajorTechnology or IntegrationTeraExchange leveraged EP3 platform to power its Swap Execution Facility (SEF). Connamara extended EP3 to support integrations with CME and LCH clearing partners and Eventus/Validus for trade practice reporting and surveillance.
• Association of Futures Markets (AFM)minorStrategic or Co-development PartnerConnamara Technologies is a member of AFM and has spoken at various AFM conferences around the world and hosted educational webinars on exchange technology.
• Futures Industry Association (FIA)minorStrategic or Co-development PartnerConnamara Technologies has sponsored, spoken at, and attended various FIA events around the world, including FIA Boca.
• Environmental Markets Association (EMA)minorStrategic or Co-development PartnerConnamara Technologies joined EMA and participated in organizing committee of EMA Annual Meetings. Supports environmental markets trading on EP3 platform.

Scale indicators6 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Nasdaq Market Technology: Nasdaq's sell-side market technology division provides exchange matching engines, surveillance, clearing, and market infrastructure to exchanges worldwide — the closest broad incumbent vendor competing directly with EP3 for exchange operator contracts.
• ION Group: ION Group provides capital markets infrastructure including exchange technology, clearing, and trading platforms through acquired products (Dealerweb, Wall Street Systems, Fidessa); competes with EP3 for exchange and trading-venue technology contracts.
• Broadridge Financial Solutions: Broadridge (post-Itiviti acquisition) supplies trade lifecycle, post-trade, and exchange infrastructure technology used by broker-dealers and exchanges globally; competes with EP3 across clearing and exchange technology layers.
• FIS (Fidelity National Information Services): FIS Capital Markets (including acquired SunGard and Velox assets) provides exchange, clearing, and trading technology solutions to exchanges and intermediaries worldwide, overlapping with EP3's enterprise exchange platform offering.
• Tata Communications (Financial Markets): Tata Communications' financial markets division delivers exchange connectivity, trading infrastructure, and managed services used by exchanges and trading venues in APAC and globally — overlapping with EP3's exchange-platform-plus-connectivity offering.

Direct peers

• AlphaPoint: AlphaPoint provides white-label digital asset exchange and trading platform software to crypto exchanges and tokenization venues — a direct competitor to EP3 in the digital-asset exchange infrastructure market Connamara serves.
• objectoriented (object-oriented, Inc.): objectoriented provides OOE, an open-source exchange and clearing platform built in Java/Spring with matching, clearing, and surveillance capabilities — architecturally and functionally similar to EP3, targeting the same exchange-operator customer base.

Emerging players

• Tassat: Tassat provides a blockchain-based digital exchange and real-time settlement platform for tokenized assets, competing with EP3 in the regulated digital-asset venue segment (overlapping with Figure Markets and BEE4 deployments).
• Tradable: Tradable provides modular exchange technology for digital asset and FX venues with white-label matching and liquidity tools; competes with EP3 in serving emerging exchange operators and brokerages launching new trading venues.

Others

• Eventus Systems: Eventus provides multi-asset trade surveillance and market risk software integrated into EP3 (via pre-built integration); a complementary ecosystem partner rather than direct competitor, but adjacent in the exchange technology stack Connamara serves.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/connamara-technologies

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Connamara Technologies