Eris Bows Streaming Prices for 3-, 4-Year Contracts
The move is in response to clients demanding liquidity in less active tenors for trading and hedging purposes.
Eris trades interest-rate swap futures with 10 tenors, ranging from two years to 30 years, though until now activity has tended to be concentrated around other tenors, though the exchange recently received demand for Eris’ market makers to provide all-day quoting in the three- and four-year tenors, says Michael Riddle, chief operating officer at Eris.
He says one of the drivers for this change is growth and maturity of Eris’ other products. “Different points on the interest rate curve are relat
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Waters Wavelength Podcast Episode 87: Disaster Recovery & Initial Margin Rules
James talks about his trip to Chicago and some of the interesting topics that came up (including a look at disaster recovery demands). Then Anthony and James touch on ISDA's initial margin rules, with Phase 3 going live next year.
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