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AUSTIN, Texas — July 23, 2026
Executive Summary
Connamara Technologies has expanded its EP3® exchange, clearing, and market surveillance platform with bilateral matching capabilities, enabling exchange operators to support trading environments governed by bilateral counterparty agreements rather than central clearing. The enhancement broadens the market models supported by EP3, helps customers address regulatory requirements for bilateral trading, and introduces configurable functionality that enables more flexible exchange operations across diverse financial markets.
Announcement Overview
Connamara Technologies announced a significant enhancement to its award-winning EP3® platform with the addition of bilateral matching, extending the platform’s capabilities beyond traditional centrally cleared markets. The release introduces a matching framework that validates counterparty agreements and trading limits before execution while also delivering new APIs, participant-specific market data, configurable matching logic by instrument, and automatic bilateral limit adjustments with real-time trade clearing. Together, these capabilities enable exchange operators to support a broader range of regulated market structures using a unified technology platform.
Key Announcement Details
- Announcement Type: Product Platform Enhancement
- Announcing Entity: Connamara Technologies
- Platform: EP3® Exchange, Clearing and Market Surveillance Platform
- Announcement Date: July 23, 2026
- Dateline: AUSTIN, Texas
- Core Announcement: EP3® now supports bilateral matching.
- Primary Purpose: Expand supported market models.
- Target Users: Exchange operators.
- Trading Model: Bilateral counterparty agreements.
- Alternative to: Central clearing.
- Regulatory Focus: Bilateral trading requirements.
- Matching Logic: Validates agreements and notional limits.
- Execution Validation: Determines order eligibility before execution.
- New API Support: Create and modify bilateral agreements.
- Market Data Enhancement: Participant-specific executable quantities.
- Configuration Capability: Per-instrument matching algorithms.
- Multi-Model Support: Different matching logic on one exchange.
- Automation Feature: Automatic bilateral limit adjustment.
- Clearing Integration: Real-time trade clearing.
- Strategic Benefit: Broader exchange infrastructure capabilities.
- Customer Benefit: Supports additional trading models.
- Platform Direction: Continued EP3® evolution.
- Company Executive: Jim Downs, Co-Founder and CEO.
- Official Website: www.connamara.tech
Bilateral Matching Expands EP3’s Market Infrastructure Capabilities
Connamara Technologies has introduced bilateral matching functionality to EP3®, extending the platform’s ability to support additional exchange and marketplace models beyond conventional centrally cleared environments.
The enhancement enables exchange operators to establish marketplaces where transactions are executed under bilateral contractual arrangements between counterparties rather than relying exclusively on central clearing.
According to the company, the new capability is intended to broaden the operational flexibility of EP3 while supporting customers that operate in markets where bilateral trading frameworks are required.
The latest enhancement is designed to help exchange operators:
- Support bilateral trading models.
- Expand the range of market structures available through EP3.
- Address regulatory requirements applicable to bilateral markets.
- Operate multiple trading models using a single exchange platform.
- Build markets designed around contractual trading relationships.
How Bilateral Matching Operates Within EP3
Traditional centrally cleared markets and bilateral markets follow different execution models.
In centrally cleared environments, transactions are generally processed through a central counterparty. Bilateral markets, however, require trading systems to evaluate whether counterparties have valid contractual relationships and sufficient bilateral trading limits before an order can proceed to execution.
To address these operational requirements, EP3’s bilateral matching capability validates trading eligibility during the matching process itself.
The platform evaluates:
- Existing bilateral agreements between counterparties.
- Applicable contractual terms.
- Available bilateral notional limits.
- Order eligibility before execution.
By incorporating these validation steps directly into the matching workflow, the platform helps ensure that only qualifying orders proceed to execution under the applicable bilateral trading framework.
New Platform Enhancements Included in the Update
In addition to bilateral matching, the latest EP3 release introduces several complementary capabilities that expand exchange functionality.
The update includes:
- API endpoints for creating bilateral agreements.
- API endpoints for modifying existing bilateral agreements.
- Participant-specific market data reflecting executable quantities based on bilateral agreements.
- Configurable matching algorithms that can be assigned individually to specific instruments.
- Support for different matching logic across multiple instruments operating on the same exchange.
- Automatic bilateral limit adjustment integrated with real-time trade clearing.
These additions provide exchange operators with greater flexibility when designing trading environments while enabling operational workflows to accommodate differing market requirements across individual instruments.
Instrument-Level Matching Flexibility
One of the notable additions within the release is the ability to configure matching behavior on an instrument-by-instrument basis.
Rather than requiring a single matching methodology across an exchange, operators can deploy different execution logic for different products.
This approach allows exchanges to:
- Configure matching rules independently.
- Support multiple market models simultaneously.
- Adapt trading behavior to individual instruments.
- Increase operational flexibility without deploying separate trading platforms.
- Respond more efficiently to changing market requirements.
The company stated that this configurable architecture allows a single exchange implementation to support a broader mix of trading environments.
Market Data Enhancements
The platform update also introduces enhancements to market data delivery.
Instead of presenting identical executable quantities to every participant, EP3 now provides participant-specific executable quantities that reflect the bilateral agreements applicable to each market participant.
According to the announcement, this functionality enables market participants to view executable quantities based on their own bilateral trading relationships, creating visibility aligned with the bilateral structure of the marketplace.
The enhancement supports:
- Participant-specific market information.
- Executable quantities derived from bilateral agreements.
- Greater alignment between displayed liquidity and contractual trading relationships.
API Improvements
The release expands EP3’s API capabilities to simplify management of bilateral trading relationships.
Exchange operators can now use dedicated API endpoints to administer bilateral agreements throughout their lifecycle.
The available functionality includes:
- Creation of bilateral agreements.
- Modification of existing bilateral agreements.
These interfaces are intended to streamline administrative processes while supporting automated integration with exchange operations.
Automatic Bilateral Limit Management
The update also introduces automatic adjustment of bilateral trading limits alongside real-time trade clearing.
By integrating bilateral limit management with clearing workflows, the platform automatically updates available bilateral capacity as transactions are processed.
According to the announcement, this capability contributes to operational efficiency by reducing manual intervention while maintaining current bilateral trading availability.
Supporting a Broader Range of Exchange Models
The introduction of bilateral matching represents another stage in the continued development of EP3 as a modular exchange infrastructure platform.
Connamara Technologies stated that expanding support for additional matching methodologies allows the platform to serve a wider variety of marketplace designs while responding to changing industry requirements.
The company indicated that continued platform evolution remains focused on enabling exchange operators to deploy infrastructure capable of supporting diverse market structures through a unified technology foundation.
Company Commentary
Jim Downs, Co-Founder and CEO of Connamara Technologies, said:
“As new markets emerge, exchange operators need technology that can support different trading models.”
He added:
“Bilateral matching enables our customers to reach new market participants while expanding the types of markets EP3 can support.”
Learn More
For additional information about Connamara Technologies and the EP3® platform, visit the company’s official website or connect with the organization through LinkedIn.
About Connamara Technologies
Connamara Technologies develops integrated technology infrastructure for exchanges, clearing operations, and market surveillance. Its EP3® platform combines core exchange functionality into a unified solution designed to support operational efficiency, scalability, and rapid deployment. The platform is built to accommodate the evolving requirements of exchanges and marketplaces while providing adaptable infrastructure capable of supporting a wide variety of financial market models.
Media Contact
For additional information, visit connamara.tech.
Source Attribution
Source: Company announcement
