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Eris Sets Another Open Interest Record: $12,171,400,000
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Recent Highlights
- Increase in institutional sized block trade activity in past 30 days
- Average block trade size of 2,140 contracts ($214mm notional)
- 8.4 year average tenor
- Back-loading OTC swaps into Eris Swap Futures
- Two largest Eris blocks traded on June 20, 2014 (5,490 and 5,690 contracts)
- 58% increase in Eris open interest since January 1, 2014
- Aged Eris Standards trading in the Central Limit Order Book
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Eris Welcomes RBS as a New Clearing Firm
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Eris Exchange 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.
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"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."
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| Featured Trade: Relative Value Trading Using Eris Swap Futures |
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Eris Standards and Flexes can be used to replicate traditional relative value trading strategies. Butterflies, Curve Switches, Swap Spreads, Invoice Spreads and Basis Spreads can all be executed with Eris Swap Futures in place of OTC IRS.
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Sample Trade
- The Trade: Receive the belly on a 2s5s7s butterfly as a 2s10s flattener proxy
- The Data Set: The spread has traded between 11.6 bps and 37.9 bps, with an average spread of 26.9 bps signaling the trading opportunity
- The Result: Relative tightening of the 5Y leg generates a profit on the 2s5s7s butterfly when the spread moves closer to lower end of the historical range
Learn More >> Relative Value Trading With Eris Swap Futures
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| Eris Featured in Equinix Swap Futures Special Report |
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Waters Technology Swap Futures Special Report
This special report examines current issues as well as potential future trend in the OTC derivatives space.
"As Europe adopts trading and clearing mandates similar to what we are seeing in the US, European swap futures will clearly pick up steam and traction with the larger players...We are very excited about migrating Eris Exchange swap futures later this year," said Neal Brady, CEO of Eris Exchange.
Read More >> Download Special Report
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| Stellar Provides Market Data and Order-Routing for Eris Standards |
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Stellar Trading Systems joins Eris Exchange's list of market leading front-end platforms eligible for electronic execution of Eris Swap Futures.
Stellar Trading Systems specializes in producing fast and powerful trading systems for the high frequency, high volume trader.
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Apply For a Career at Eris Exchange Today
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Eris welcomes our new Chief Regulatory Officer, Head of Legal and Regulatory Affairs to the exchange.
Eris Exchange is growing and is looking for a talented individual to join the team.
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June Highlights
Open Interest Reaches 122k
RBS Joins Eris as an FCM
Featured Trade: RV Trading
Waters Swap Futures Report
Stellar Connects to Eris
Eris Careers: Apply Today
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View prior monthly trade ideas:
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