| Eris Sets New Volume and Open Interest Records in March |
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Recent Trading Highlights
- RECORD: Open Interest reached 161,366 contracts ($16.1bn notional) on 3/18
- RECORD: 16 Open Interest records set in 2015
- RECORD: 75k contracts traded in a two-week period
- RECORD: 4 trading sessions with volume >10,000 contracts ($1bn notional)
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| Societe Generale Joins as Liquidity Provider and Investor in Eris |
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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.
Societe General joins Morgan Stanley as another dealer bank block liquidity provider and streamer on the Eris SwapBook platform. SocGen's new liquidity complements more than ~$2mm DV01 of executable, anonymous liquidity already being streamed by a diverse pool of market participants.
Read More >> Press Release
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| Greenwich Associates Total Cost Analysis Favors Futures Over Swaps |
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Kevin McPartland of Greenwich Associates published a new report on the total cost of interest rate swaps vs. futures. They concluded that futures products will gain traction at the expense of more standardized cleared swaps.
The analysis determined futures to be less expensive in nearly every scenario, but expected swaps to continue to have a role for participants willing to pay up for customization. Futures were seen gaining traction due to favorable liquidity cost dynamics and lower margins, as well as regulatory headwinds for OTC.
Read More >> Full Report
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| CQG Launches Live Connectivity to Eris Exchange |
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CQG has announced live connectivity to Eris Exchange. Clients can now access Eris Swap Futures for market data, analytics, and trade execution through an array of CQG trading platforms.
For fixed income and futures cash spread trading, CQG Spreader allows Eris traders to route orders and work intermarket orders against legs on BrokerTec, NASDAQ eSpeed, as well as other U.S. Treasury providers.
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| Financial Times: SocGen Invests in Swap Futures Exchange |
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Financial
Times
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"SocGen is one of the top three global clearers for futures and it's the main clearer of Eris products. We're on the verge of launching euro-denominated products with ICE and SocGen is a significant player in the European market," said Neal Brady, Chief Executive Officer of Eris.
Read More >> SocGen Invests in Eris (subscription)
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| Trade Off-The-Run Eris Standards |
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Increase in Off-The-Run Eris Standards trading activity:
- Over 42,000 contracts (~$4.2bn notional) traded since 10/1/14
- Open Interest in Off-The-Run Eris Standards has increased 4x since 10/1/14
- More than 50 points on the curve available to trade
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Webinar: Learn to Trade Eris Through CQG | Tuesday, March 24th
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Learn how to trade Eris Swap Futures through
CQG Integrated Client on March 24, 2015 at 3:30 PM ET
The agenda will include an overview of Eris products and CQG functionality presented by Eris Exchange COO, Michael Riddle, and CQG Product Specialist, Kevin Falkman.
The webinar will include demonstrations of trading steepeners and invoice spreads using Eris Standards. Multi-asset execution and integration of trading, charting, and analytics will also be demonstrated.
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Apply For a Career at Eris Exchange Today
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Eris Exchange continues to grow and is constantly looking for talented individuals to join our team in New York and Chicago.
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March Highlights
Record Volume and Open Interest
SocGen Joins Eris as LP and Investor
TCA Study Favors Futures over OTC
Featured Article: Financial Times
CQG Launches Live Eris Connectivity
Trade Off-The-Run Eris Standards
CQG Webinar Registration, March 24th
Careers
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