Virtu Financial Joins Eris Exchange as a Liquidity Provider


Eris Exchange (Eris), a US-based futures exchange offering capital-efficient Swap Futures, today announced that leading global electronic market maker, Virtu Financial (Virtu), is streaming liquidity into Eris SwapBookTM and will be offering two-way voice markets for off-exchange trades for Eris Swap Futures. 



Chicago, November 12, 2014 – Eris Exchange (Eris), a US-based futures exchange offering capital-efficient Swap Futures, today announced that leading global electronic market maker, Virtu Financial (Virtu), is streaming liquidity into Eris SwapBookTM and will be offering two-way voice markets for off-exchange trades for Eris Swap Futures.

“This decision to expand market making operations to Eris is a logical extension of Virtu's business objective to provide highly efficient two-way markets into transparent, open, anonymous order books for standardized interest rate products,” said Douglas Cifu, CEO of Virtu Financial, LLC.  “Eris offers a cost effective and innovative futures alternative to OTC swaps with appealing characteristics including low minimum trade sizes, and margin efficiency.”

“Eris is excited to have Virtu join a group of committed bank and non-bank market makers to stream deep markets and offer voice liquidity for Eris Swap Futures,” said Neal Brady, CEO of Eris Exchange. “This announcement is another sign that Eris Swap Futures are a powerful alternative to traditional OTC swaps in the evolving market structure, and as capital concerns become an additional driver towards futures and standardized products.”

Virtu Press Release

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 139,000 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.

About Virtu Financial, LLC

Virtu is a leading electronic market maker and liquidity provider across numerous exchanges and electronic marketplaces around the globe. From its offices in New York, Los Angeles, London, Dublin, Sydney and Singapore, Virtu is active in market making in equities, fixed income, currencies, options, energy products, metals and other commodities across all major financial centers.  Since 2002, Virtu's business has grown to comprise significant market share in numerous asset classes around the world, playing a vital role in contributing to the healthy and efficient functioning of global financial markets.

Media Contacts:

Eris Exchange

Christopher Rodriguez

Chief Marketing and Relationship Management Officer

(212) 561-5472

Christopher.Rodriguez@erisfutures.com

www.erisfutures.com 

 

Virtu

Alan Sobba

(202) 256-3001

media@virtu.com

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.