RBS Joins Eris Exchange as an FCM


Eris Exchange, a US-based futures exchange offering capital efficient interest rate swap futures, today announced that RBS Securities Inc. will now provide clearing services to RBS's global client base via Eris Exchange. 



Chicago, June 24, 2014 - Eris Exchange, a US-based futures exchange offering capital efficient interest rate swap futures, today announced that RBS Securities Inc. will now provide clearing services to RBS's global client base via Eris Exchange. In addition to supporting client clearing of Eris Swap Futures, RBS will also offer its clients access to Eris SwapBook™, Eris Exchange's electronic central limit order book.

“Eris Exchange welcomes RBS’s decision to offer their leading clearing and execution services to clients," said Neal Brady, Chief Executive Officer of Eris Exchange. “Today’s announcement further reinforces the efficiency of the futures clearing model and demonstrates the important role that swap futures play in the evolving structure of the derivatives markets.”

"In a time of continued market and regulatory change, RBS is pleased to be able to provide our clients with the margin and operational efficiencies of Eris Swap Futures through our experienced, global execution team," said Jeff Howard, Managing Director and Global Head of Prime Services at RBS.

"Through our relationship with Eris Exchange, our clients will benefit from the ability to access liquidity for their interest rate hedging needs, along with top-of-the-line portfolio margining and offsets against other positions held at CME Clearing," added Mr. Howard.

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Eris Exchange is a futures exchange (Designated Contract Market) subject to CFTC jurisdiction, listing cash-settled interest rate swap futures with open interest exceeding 100,000 contracts. Eris Exchange contracts are cleared by clearing firms through CME Clearing, the global leader in derivatives clearing. Eris SwapBook and Eris BlockBox are registered trademarks of Eris Exchange.