finance
Eris Exchange
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. For more information, visit Eris Exchange online at www.erisfutures.com or follow us on Twitter @erisfutures
Futures Exchange
- CFTC regulated Designated Contract Market (DCM) since 2011
- No swaps regulatory overhead or swaps reporting
Superior Contract Design
- Innovative contracts design embeds cash flows of collateralized OTC IRS
- Allows for maximum yield curve flexibility
- Contracts can be held until the Maturity Date as futures
- Electronic and Voice trading: Dedicated liquidity providers stream executable quotes
- Available Products:
- Eris Standards: Quarterly dates, pre-set coupon, NPV-traded, 2-day VaR margin
- Eris Flexes: Flexible dates and rates, 5-day VaR margin, NPV or par-rate traded
Cleared at CME Clearing
- All trades backed by the main-line CME futures guaranty fund
- CME Clearing settles contract to OTC IRS swap curve and sets Initial Margin levels
- Open to more than 60 CME Clearing futures clearing members
- Lowest margins and offsets with CME futures available today for end-users
Insights
Eris Exchange has seen increased popularity in its seven-year standard swap futures contract, as firms look for ways to avoid the swap execution facility mandate for packaged trades under Dodd-Frank. Read More READ MORE +
View the Eris SwapBookTM video tutorial to learn more about our ananoymous electronic trading central limit order book and view step-by step instructions for click and done trade entry. Eris Exchange also offers open access FIX APIs for ISVs or Proprietary system integration into Eris SwapBook. READ MORE +
Changes in market structure resulting from the Dodd-Frank Act, Basel III, and general market conditions are resulting in the creation of innovative financial products across the derivatives market. These products need to be carefully considered in the context of U.S. hedge accounting rules which are primarily dictated by ASC 815. This paper will conclude that... READ MORE +
What will be the alternatives for trading? How will the upcoming changes in swaps markets affect the trading of OTC swaps and of swap futures? Will collateral requirements push the market toward alternative products such as futurized swaps? READ MORE +
Announcements
JSE to Launch Interest Rate, Cross-Currency and Credit Default Swap Futures Based on the Eris Methodology™ READ MORE +
Eris Exchange (Eris), a U.S.-based futures exchange group offering swap futures as a capital-efficient alternative to OTC interest rate swaps, announced that Societe Generale Prime Services - formerly Newedge - has completed an equity investment in Eris. As part of the arrangement, Societe Generale will join Eris' board of directors. READ MORE +
At FIA Boca, CQG, Inc. announced live connectivity to Eris Exchange, a U.S.-based futures exchange offering swap futures as a capital-efficient alternative to OTC swaps. READ MORE +
9th Consecutive OI Record, Rate Lock Trading, Webinar: CQG Featuring Eris, Barchart Now Offers Eris Market Data, MFA Conferecne, Eris Panel at FIA/SIFMA Forum, Rolfe & Nolan Support Eris Flexes, Careers and More READ MORE +
2014 Year in Review, Trading Activity Surges in 4th Quarter, ICE Licenses Eris Methodology, Extended Trading Hours, FOW Award Best Tech, Eris SLICE, RCG Joins Eris, Clearing and Execution, Calendar Spread Trading Grows, Careers: Apply Today Read More READ MORE +
ICE Exchanges to Launch CDS Index and European Interest Rate Swap Futures Based on the Eris Methodology READ MORE +
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. READ MORE +
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... READ MORE +
Eris Exchange, a US-based futures exchange offering capital efficient swap futures, today announced that, on September 5, USD Interest Rate Swap Futures achieved a daily volume record of 21,014 contracts, representing more than $2.1 billion in notional value. The previous daily volume record was 13,252 contracts set on June 21,... READ MORE +
Eris Trading Update, Morgan Stanley Passport, RJO Clearing And Execution, Invoice Spreads, Perseus connectivity, Streaming December Standards, Equinix Video Part 2, and Eris Careers Read More READ MORE +
7th Quarterly Open Interest Record, Off-The-Run Eris Standards, Global Capital Award Nomination, Eris Markets on UBS Neo, Equinix Video Interview, New Chicago Headquarters Location Read More READ MORE +
June Newsletter >> Accelerating OI Growth Trajectory, RBS Joins as an FCM, Relative Value Trading, Waters Swap Futures Report, Stellar Trading Connects to Eris, Careers Read More READ MORE +
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. READ MORE +
Eris Exchange announced today that live streaming prices for Eris Swap Futures are now available through the UBS Neo platform, a cross asset class platform featuring buy-side focused agency execution services. Additionally, end-users can now trade Eris Swap Futures by calling the UBS execution services desk. READ MORE +
CHICAGO, IL -- (PRNewswire) Eris Exchange announced that open interest in its USD Interest Rate Swap Futures products surpassed $10,000,000,000 in notional value, equivalent to 100,000 contracts, on Friday, February 21, 2014. The Exchange achieved this major milestone just days after the highly anticipated first day of mandatory trading of... READ MORE +
Events
View the webinar playback to learn more about RTS Realtime Systems, an overview of Eris Exchange Interest Rate Swap Futures, and a trading demonstration of Eris Swap Futures through RTD Tango Trader. Presenters will highlight trade scenarios including Eris Standards, Eris Flexes, Calendar Rolls, intra-market trading of Flatteners and Steepeners, and how... READ MORE +
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.