Denver, CO and Chicago, IL, October 21, 2014 – CQG, Inc. today announced its planned connectivity to Eris Exchange, a US-based futures exchange offering capital efficient interest rate swap futures. The new offering will provide CQG customers with access to Eris’ Swap Futures for market data, analytics, and trade execution through an array of CQG trading platforms.
CQG will roll-out access to Eris Exchange through all of its platforms and APIs, facilitating both outright and spread trading.
“We are excited to offer our customers a gateway into the innovative swap futures market through Eris Exchange,” said Mike Glista, Director of Order Routing, at CQG. “We have been focusing on further expanding our coverage and global footprint, which now includes more than 60 exchanges, to continue to meet the evolving needs of our clients.”
Eris Exchange is experiencing significant momentum, which can be seen through recent records in both volume and open interest. Eris has posted eight consecutive quarters of Swap Futures open interest records recently topping 138,000 contracts equating to 637% growth over the period.
“CQG’s core strengths in aggregation and spreading functions nicely address the demands of our expanding mutual client bases,” said Neal Brady, CEO of Eris Exchange. “As our markets continue to grow as an alternative to OTC swaps, the new CQG connection to Eris will meet clients’ requirements for broader electronic access, smart order routing, and powerful applications that are able to define synthetic spreads for the most complex trading strategies.”
The connection to Eris Exchange will launch in Q1 of 2015.
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About CQG, Inc.
CQG, Inc. (www.cqg.com) provides high-performance trade routing, global market data, and advanced technical analysis. CQG partners with more than one hundred Futures Commission Merchant environments and provides Direct Market Access to more than forty exchanges through its global network of co-located Hosted Exchange Gateways. CQG’s server-side order management tools for spreading, market aggregation, and smart orders are unsurpassed for speed and ease-of-use. CQG’s market data feed consolidates more than seventy-five sources, including exchanges worldwide for futures, options, fixed income, foreign exchange, and equities as well as data on debt securities, industry reports, and financial indices. CQG has received the Prop Traders’ ISV of the Year award from FOW and the Best Technical Analysis Platform award from The Technical Analyst. CQG is headquartered in Denver, Colorado with sales and support offices worldwide.
About Eris Exchange
Eris Exchange is an independent futures exchange registered as a Designated Contract Market with the Commodity Futures Trading Commission. Eris Exchange lists cash-settled interest rate swap futures with current open interest exceeding 138,000 contracts. Eris Exchange contracts are cleared by clearing firms through CME Clearing, the global leader in derivatives clearing. Eris Exchange®, Eris SwapBook™, Eris BlockBox™, and Eris Methodology™ are trademarks of Eris Exchange, LLC. For more information, visit Eris Exchange online at www.erisfutures.com or follow us on Twitter @erisfutures
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