ElectronX Selects Connamara Technologies' EP3® to Power Its Energy Exchange and Clearinghouse

AUSTIN, Texas, Oct. 16, 2025 /PRNewswire/ -- Connamara Technologies, the leading provider of fully-integrated exchange and clearinghouse technology, is pleased to announce that its EP3 platform has been selected by ElectronX to enable the first U.S.-regulated, direct-access electricity derivatives market.

EP3's end-to-end, fully integrated platform provides ElectronX with all required exchange and clearing functionality, including transaction and risk management, settlement bank integrations, and collateral management. 

Upon exchange launch later this year, ElectronX will offer small-sized, fully collateralized, and centrally cleared derivatives contracts for power market participants of all types to more precisely hedge intraday price risk. ElectronX was granted status as both a Designated Contract Market (DCM) and Designated Clearing Organization (DCO) by the U.S. Commodity Futures Trading Commission (CFTC) in late August.

"Connamara's proven EP3 matching engine technology is an ideal backbone for ElectronX's purpose-built APIs, user interfaces, and onboarding stack designed to accommodate a variety of trading participant types. Throughout the regulatory approvals process, the Connamara team worked closely with our own to meet the high standards required of CFTC marketplaces while also prioritizing platform innovations, and we look forward to building on our solid partnership going forward." - Sam Tegel, CEO, ElectronX.

Coupled with its leading reliability, performance, and security, Connamara's EP3 functionality enables real-time tracking, reconciliation, and reporting of funds and exchange fees, providing participants and regulators with groundbreaking transparency.

EP3 is the number one enabling technology for recently approved U.S. DCMs and DCOs, including ForecastEx predictions exchange and clearinghouse, Railbird predictions exchange, and ElectronX energy derivatives exchange and clearinghouse.

"Sam has pulled together a very professional and highly qualified team as evidenced by their relatively rapid DCM and DCO approvals. It has been an honor to work with this team and we look forward to watching their success." - Jim Downs, Co-Founder and CEO, Connamara Technologies.

Based in Chicago, ElectronX's market is built to address rising short-term volatility in U.S. electricity prices driven by unprecedented demand for power.

ElectronX's first products will include bounded futures and binary options for the Electric Reliability Council of Texas (ERCOT) market, followed by contract suites for additional U.S. grid operators in 2026.

About Connamara Technologies

Connamara Technologies  is the leading provider of fully-integrated exchange and clearing infrastructure, empowering new and existing exchanges to operate with exceptional efficiency and reliability. Its EP3^® platform is a new breed of exchange technology that seamlessly integrates all key functions into a single, robust platform. It is adaptable, scalable, and quick-to-market. Engineered for the evolving needs of the next generation of exchanges and marketplaces, EP3 is shaping the future of financial markets.

To learn more, please visit www.connamara.tech or connect on LinkedIn

About ElectronX

ElectronX (EXI) is a U.S.-regulated energy exchange created to address volatile short-term price exposure to electricity. With locations in Chicago and New York City, ElectronX is helping to expand the nation's power grid by building the financial infrastructure and risk management tools necessary to support increased investment in energy generation, renewable resources, and battery storage technology. For more information, please visit electronx.com

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SOURCE Connamara Technologies