Trading Technologies Connects to Eris Exchange

Eris Exchange two-year, five-year, 10-year and 30-year quarterly Eris Standards are now accessible to all users of TT's X_Trader software and related products. In addition, clients may use the Autospreader spread trading tool to trade cross-exchange spreads through TT's proximity-based Strategy Engine execution servers.

"Traders, hedgers and brokers already using TT can now trade Eris futures to manage interest rate swap risk with trusted and familiar offerings like X_Trader, Algo Design Lab and TTNet ahead of the next wave of clearing mandates," says Neal Brady, CEO of Eris Exchange. "The distribution of Eris Standards on TT provides capital-efficient and Dodd-Frank compliant access to existing swap users, while significantly opening up access to TT's thousands of global futures users. The inclusion of Eris Standards into TT's core offering also provides unique trading opportunities by electronically connecting the deepest pools of liquidity in listed derivatives."

The launch of TT's Eris Exchange link comes in advance of the Dodd-Frank June 10 Category II swap clearing mandate, which impacts commodity pools, hedge funds, non-swap dealer banks and some insurance firms. Trading Eris Standards through TT's platform can help clients comply with the mandate.