Prescient Ridge Management, LLC (PRM), a managed futures fund specializing in short-duration, systematic trading strategies and Connamara Systems, LLC (Connamara), a provider of services to exchanges, swap execution facilities, CTAs and Hedge Funds announced today that PRM’s new trading infrastructure, using Connamara’s Made-to-Measure, customizable components is now live. The project was commissioned as part of PRM’s plans to upgrade their current trading architecture to increase the number of markets they can access. In total the project took three months of development and one month of testing.
Connamara worked with PRM’s in-house developers, financial engineers, traders and upper management to assess PRM’s future needs based on their growth plans. Connamara then designed a Technology Roadmap to achieve PRM’s long term goals.
To reduce costs and delivery time, Connamara leveraged its Made-to-Measure™ trading components to augment custom development. Connamara used its proven agile development methods of Automated Testing, Test Driven Development and Continuous Integration to ensure platform quality and maintainability.
During implementation, Connamara created a new user interface for PRM to control strategies and monitor risk. Further work went into the integration of the trading platform with PRM’s existing back-office applications.
Post-delivery, Connamara has designed an ongoing support and maintenance package for the platform.
Prescient Ridge Management’s President, Alan Swimmer, states: “Connamara’s development methods, expertise in markets and financial technology, and long-term track record, were the major reasons we decided to work with Connamara Systems. Third-party vendors and other consulting firms didn’t offer the flexibility or the comprehensive suite of automated testing and agile methodologies we knew we needed. The new trading infrastructure is highly scalable and flexible. It will aid us as we plan increase the number of markets we access.”
Connamara Systems CEO and Founder, Jim Downs, adds: “Connamara has enjoyed working with the PRM team on this project and found them to be a very professional trading organization. Connamara enhances trading opportunities by providing the infrastructure and expertise to automate trading strategies by providing connectivity to execution venues, and FCM trading platforms. This allows those strategies to be applied to an increased number of markets.”
