• 6/9/15 daily trading record of $4,655,200,000 notional, more than double the prior record
• Three separate $1bn+ volume days in June
• June-Sept roll was the largest to date: 
• $8.4bn traded
• 85% of June Open Interest rolled
• 94% traded via Eris SwapBook central limit order book
• 550 trades in Eris 7Y Standard on a single day

Bloomberg tickers for Eris CDX Swap Futures on ICE are now live:

• Eris CDX Investment Grade: CWIA <Index>
• Eris CDX High Yield: CWYA <Index>

 

Use Bloomberg functions including graph price (GP), market depth monitor (MDM), contract description (DES), intra-day price graph (GIP) and recap of quotes and trades (QR).

 

ICE Futures Europe will launch Eris Standard Interest Rate Futures contracts denominated in Euro (EUR) and Pound Sterling (GBP) on Monday, June 29, 2015.

The new Eris Swap Futures will trade at ICE Futures Europe and clear at ICE Clear Europe.

In an interview with Doug Ashburn of John Lothian News, Eris CEO, Neal Brady, discusses the recent emergence of swap futures in the context of rising capital costs for OTC swaps. 

With the package trade exemption for invoice spreads expiring in November 2015, Tod Skarecky of Clarus uses SDR and DCM data for swaps and futures to identify changes in trading behavior in these trading pairs.

In a recent write up, Skarecky highlights the recent surge in 7Y Eris Standard trading alongside similar activity in 10 year Treasury Futures as indicative of a new way to trade invoice spreads, utilizing Eris Swap Futures contracts as an alternative to OTC IRS.

• <5 years to maturity: 10 contracts, $1mm notional 
• ≥5 to maturity: 5 contracts, $0.5mm notional

 

Eris Exchange continues to grow and is constantly looking for talented individuals to join our team in New York and Chicago.

• Marketing Associate, New York, NY
• Sales Associate, Chicago, IL