Connamara Technologies has announced that its EP3 exchange, clearing, and surveillance platform now supports bilateral matching. This enhancement enables market operators to establish trading venues where transactions are governed by bilateral counterparty agreements rather than central clearing. The capability is designed to assist global customers in meeting regulatory requirements for bilateral trading while expanding the range of market structures supported by the platform.
Unlike centrally cleared venues, bilateral markets require order matching to account for specific contractual terms and notional limits between counterparties. EP3’s new matching algorithm validates these agreements in real time during the matching process to determine whether incoming orders are eligible for execution.
The update introduces API endpoints for managing bilateral terms, participant-specific market data displaying tailored executable quantities, and configurable matching algorithms on a per-instrument basis. It also features automatic bilateral limit adjustments tied to real-time trade clearing, further reinforcing EP3’s modular and extensible architecture.
Subscribe to our newsletter
