Difference between revisions of "Connamara Systems, LLC"

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| company_name = Connamara Systems, LLC
 
| company_name = Connamara Systems, LLC
 
| company_logo =  [[image:ConnamaraSystems.jpg|250px]]
 
| company_logo =  [[image:ConnamaraSystems.jpg|250px]]
| key_people =    [[James Downs]]
+
| key_people =    [[James Downs|Jim Downs]]
 
| foundation =    1998
 
| foundation =    1998
 
| location =      Chicago, IL  
 
| location =      Chicago, IL  
 
| employees =      <!-- Approx number of employees -->
 
| employees =      <!-- Approx number of employees -->
| products =      order and execution management systems
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| products =      EP3, QuickFIX, bespoke software development
 
| homepage=        [http://www.connamara.com www.connamara.com]
 
| homepage=        [http://www.connamara.com www.connamara.com]
 
}}
 
}}
Connamara Systems is a [[trading]] systems development firm that offers customized solutions.<ref>{{cite web|url=http://www.cbsx.com/transservices/isv/Connamara.aspx|name=Connectivity Providers|org=CBOE Stock Exchange|date=April 6, 2008}}</ref> It serves the [[futures trading|futures]], [[options]] and [[equities]] markets. It was founded in 1998 by [[James Downs|Jim Downs]], a long-time [[index options]] [[market maker]] at the [[Chicago Board Options Exchange]].<ref>{{cite web|url=http://www.connamara.com/about-trade-software.html|name=About Connamara|org=Connamara Systems|date=April 6, 2008}}</ref>
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Connamara Systems is a software development firm that builds exchange systems and offers custom development services for capital markets.<ref>{{cite web|url=https://www.connamara.com/work/|name=Work|org=Connamara Systems|date=August 14, 2019}}</ref> It was founded in 1998 by [[James Downs|Jim Downs]], a long-time [[index options]] [[market maker]] at the [[Chicago Board Options Exchange]].<ref>{{cite web|url=http://www.connamara.com/about-trade-software.html|name=About Connamara|org=Connamara Systems|date=April 6, 2008}}</ref> Connamara has built bespoke engineering solutions for a wide array of companies in the capital markets industry, such as exchanges, brokerages, fund managers, market makers, and proprietary traders.
  
== History ==
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== Company History & Overview ==
Connamara provides end-to-end trading systems development services and solutions for order and execution management, [[algorithmic trading]], exchange connectivity and market data integration. Their clients include futures, options and equities trading companies.  
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After earning his degree in Electrical and Electronics Engineering from Purdue University, Connamara founder Jim Downs spent time working at both Honeywell Avionics, where he worked on the emerging technology of laser gyroscopes, and the Central Intelligence Agency, where he was an engineer in the Office of Signal Intelligence. In 1981, Jim moved into the capital markets industry. He spent 17 years as an independent market maker at CBOE (Stock Options, OEX, SPX) and CBOT (Grains and Fixed Income) before founding Connamara Systems in 1998.<ref>{{cite web|url=https://www.linkedin.com/in/jim-downs-52468b4/|name=Jim Downs|org=LinkedIn|date=August 14, 2019}}</ref>
  
They have offices in Chicago and New Delhi.
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Since its founding, Connamara has provided software engineering services and solutions for capital markets, with clients ranging from innovative new marketplaces to leading global exchanges. Connamara has engineered matching engines, trading platforms, risk systems, execution and order management systems, trading user interfaces, and dashboards for exchanges, brokerages, fund managers, market makers, and proprietary traders.
 +
 
 +
Connamara is headquartered in Chicago.<ref>{{cite web|url=https://www.builtinchicago.org/2018/11/20/spotlight-working-at-connamara-systems|name=How engineers at Connamara Systems build for quality|org=Built In Chicago|date=November 20, 2018}}</ref>
  
 
== Products and Services ==
 
== Products and Services ==
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*Third Party API integration  
 
*Third Party API integration  
  
Connamara's [[FIX Hub]] supports multiple exchange connectivity through a single interface, using the [[QuickFIX]], an open source [[FIX engine]].<ref>{{cite web|url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/07-23-2007/0004630359&EDATE=|name=Connamar Supports ISE Stock Exchange Connectivity|org=Connamara Systesm via PR Newswire|date=April 6, 2009}}</ref> Connamara was an initial collaborator in 2001 in the creation of [[QuickFIX]]<ref>{{cite web|url=http://www.quickfixengine.org/services.html|name=Support and Consulting |org=QuickFix |date=April 6, 2008}}</ref> and continues to contribute to the enhancements and maintenance of the engine.<ref>{{cite web |url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/07-23-2007/0004630359&EDATE=|name=Connamar Supports ISE Stock Exchange Connectivity|org=Connamara Systesm via PR Newswire|date=April 6, 2009}}</ref> Connamara worked in conjunction with application and development firm ThoughtWorks(R), Inc. in making [[QuickFIX]] available.<ref>{{cite web|url=http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/03-05-2002/0001681270&EDATE= |name=First Open Source C++ FIX Engine Now Available from ThoughtWorks(R), Inc.|org=ThoughtWorks via PR Newswire|date=A|date=April 6, 2008}}</ref>
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In 2019, Connamara launched its newest exchange platform, EP3, which was designed from the ground up. EP3’s benefits include its microservices architecture and scalability, reliability, failover, and self-healing built into its design.<ref>{{cite web|url=https://www.businesswire.com/news/home/20190312005145/en/Connamara-Systems-Launches-New-Matching-Engine-Technology|name=Connamara Systems Launches New Matching Engine Technology Platform, EP3|org=Business Wire|date=March 12, 2019}}</ref>  
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Connamara was an initial collaborator in the creation of QuickFIX, an open source [[FIX]] engine, and since 2001 has continued to contribute to the enhancements and maintenance of the engine. In 2014, Jim and Connamara were recognized with an award from FIX Trading Community for their contributions to QuickFIX.<ref>{{cite web|url=https://www.ftfnews.com/quickfix-creators-honored/3087|name=QuickFIX Creators Honored|org=Financial Technologies Forum|date=August 11, 2014}}</ref>  
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== Technology ==
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Connamara’s technology itself is not proprietary — instead, its API design and system architecture is the differentiator. In order to ensure quality and feature set flexibility, Connamara uses agile development methodology, key principles of which are continuous integration, test-driven development, and automated testing.
  
Connamara developed and deployed the system used by a NYSE [[specialist firm]] that allows the firm to make markets in over 400 stocks in the [[NYSE Hybrid Market]].<ref>{{cite web|url=http://www.fixprotocol.org/vendors/4690|name=FIX Vendors|org=The FIX Protocol|date=April 6, 2008}}</ref>
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Connamara’s specific architecture includes:
 +
*Go programming language
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*Microservices architecture
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*Google Protocol Buffers
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*Kafka high throughput message broker
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*React Javascript library
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*Docker containerization (cloud)
  
 
== James Downs John Lothian News Interview ==
 
== James Downs John Lothian News Interview ==
Line 40: Line 53:
  
 
== Key People ==
 
== Key People ==
*[[James Downs]]
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*[[James Downs|Jim Downs]]
  
 
== References ==
 
== References ==

Revision as of 10:45, 14 August 2019

FTSE Russell banner 2016.gif
Connamara Systems, LLC
ConnamaraSystems.jpg
Founded 1998
Headquarters Chicago, IL
Key People Jim Downs
Products EP3, QuickFIX, bespoke software development
Website www.connamara.com

Connamara Systems is a software development firm that builds exchange systems and offers custom development services for capital markets.[1] It was founded in 1998 by Jim Downs, a long-time index options market maker at the Chicago Board Options Exchange.[2] Connamara has built bespoke engineering solutions for a wide array of companies in the capital markets industry, such as exchanges, brokerages, fund managers, market makers, and proprietary traders.

Company History & Overview

After earning his degree in Electrical and Electronics Engineering from Purdue University, Connamara founder Jim Downs spent time working at both Honeywell Avionics, where he worked on the emerging technology of laser gyroscopes, and the Central Intelligence Agency, where he was an engineer in the Office of Signal Intelligence. In 1981, Jim moved into the capital markets industry. He spent 17 years as an independent market maker at CBOE (Stock Options, OEX, SPX) and CBOT (Grains and Fixed Income) before founding Connamara Systems in 1998.[3]

Since its founding, Connamara has provided software engineering services and solutions for capital markets, with clients ranging from innovative new marketplaces to leading global exchanges. Connamara has engineered matching engines, trading platforms, risk systems, execution and order management systems, trading user interfaces, and dashboards for exchanges, brokerages, fund managers, market makers, and proprietary traders.

Connamara is headquartered in Chicago.[4]

Products and Services

Connamara services include:[5]

  • Trading Systems Design and Implementation
  • Market Data Integration
  • Trading User Interfaces
  • Algorithmic Trading Systems
  • Exchange Connectivity
  • Quality Assurance Outsourcing
  • QuickFIX Developer and Production Support
  • Production Support
  • Third Party API integration

In 2019, Connamara launched its newest exchange platform, EP3, which was designed from the ground up. EP3’s benefits include its microservices architecture and scalability, reliability, failover, and self-healing built into its design.[6]

Connamara was an initial collaborator in the creation of QuickFIX, an open source FIX engine, and since 2001 has continued to contribute to the enhancements and maintenance of the engine. In 2014, Jim and Connamara were recognized with an award from FIX Trading Community for their contributions to QuickFIX.[7]

Technology

Connamara’s technology itself is not proprietary — instead, its API design and system architecture is the differentiator. In order to ensure quality and feature set flexibility, Connamara uses agile development methodology, key principles of which are continuous integration, test-driven development, and automated testing.

Connamara’s specific architecture includes:

  • Go programming language
  • Microservices architecture
  • Google Protocol Buffers
  • Kafka high throughput message broker
  • React Javascript library
  • Docker containerization (cloud)

James Downs John Lothian News Interview

CFTC Rule 1.73: Jim Downs of Connamara Systems Talks About New Options Rule
A little known CFTC rule (Rule 1.73), part of the Dodd-Frank Act, is gaining attention of futures brokers. Jim Downs, founder and CEO of Connamara Systems, explains the basics of Rule 1.73, which will force FCMs and swaps participants to create new market-based limits on options positions, as well as monitor liquidation costs, options stress tests and other compliance elements. Downs talks about the key components of the new rule, which goes into effect on October 1, and what impact it may have on the industry. Interview by John Lothian News editor-in-chief Jim Kharouf. Published August 6, 2012. Watch at JohnLothianNews.com[8]

Key People

References

  1. Work. Connamara Systems.
  2. About Connamara. Connamara Systems.
  3. Jim Downs. LinkedIn.
  4. How engineers at Connamara Systems build for quality. Built In Chicago.
  5. Your ideas into production. Connamara Systems.
  6. Connamara Systems Launches New Matching Engine Technology Platform, EP3. Business Wire.
  7. QuickFIX Creators Honored. Financial Technologies Forum.
  8. CFTC Rule 1.73: Jim Downs of Connamara Systems Talks About New Options Rule. John Lothian News.