Eris Exchange: February Newsletter

Record Setting Start to 2017 Trading Year

Trading Activity:

Eris continues to hit new Open Interest (OI) records:

RECORD: Total OI reached 179,091 contracts on Jan 23
RECORD: Standard OI reached 142,810 contracts on Feb 27

Eris order book liquidity expands in 2017 vs 2016:

5Y YTD average available liquidity grew over 60%

Read More >> Eris Trading Update

Eris Liquidity - Over $1bn Across the Curve

Eris Exchange was created based on the premise that users can achieve the same economic outcomes and characteristics offered by plain vanilla interest rate swaps through the use of a futures contract that accounts for all expected cash flows. Eris has gone from a concept to a product design, and now offers live tradable two-way streaming liquidity at popular points on the curve with over $1 billion notional per side throughout the trading day.

Learn More >> Read the Full Article

Use Bloomberg to Compare Eris Liquidity to MAC Swaps

Bloomberg allows users to view Eris liquidity side by side with MAC Swaps. Eris offers firm streaming markets in popular points on the curve with similar bid/ask and depth of market to that of analogous MAC Swaps.

Users can add Eris Swap Futures to their launch pad to easily compare markets at a glance.

Bloomberg >> Get the Eris Launch Pad
Eris vs. MAC Swaps>> Summary Sheet

Benefit from 60/40 Tax Treatment

Eris Swap Futures are section 1256 contracts with blended U.S. capital gains treatment of short and long-term. As a result, users may benefit from favorable tax treatment of gains & losses on all Eris Swap Futures.

A professional tax opinion for treatment of Eris Swap Futures is available upon request.

Eris Swap Futures Taxes >> 60/40 Summary
Request Tax Opinion >> erisfutures.com/taxopinion

Sign Up Today: Daily Market Monitor Report

Receive the Daily Market Monitor Report to stay up to date on Eris interest rate market data points and pricing. The report provides pricing data on Eris Standards, as well as implied levels for curve trades, butterfly trades and spreads to CME Group Eurodollars and Treasury Futures.

View Sample Report >> Daily Market Monitor
Sign Up Today >> erisfutures.com/dailyreport

Eris Featured in Inside Advantage

Eris was featured in the winter issue of Advantage Futures' magazine, Inside Advantage. In this edition, Eris explores interest rate moves as a result of the U.S. presidential election and the election's impact on volatility.

The winter edition also features a story on the 2017 outlook and fiscal policy, written by Chief Economist of CME Group, Blu Putnam.

Eris in Advantage Futures >> Read Full Article

iHeartCommunications Inc. Credit Event Illustrated

Eris CDX Futures captures the same economic events as cleared OTC CDX. Read about the recent iHeartCommunications Credit Event to learn more.

In February, the auction to settle credit derivative trades for OTC and futures involving iHeartCommunications, Inc. was held. ICE Futures US listed Eris CDX.NA.HY.27 in Sep 2016, and in Dec the ISDA Americas Determinations Committee (DC) met and resolved that a Failure to Pay Credit Event had occurred in relation to iHeartCommunications.

Read Case Study >> iHeartCommunications

Join Eris at the FIA Boca Conference | March 14-17

Eris Exchange is proud to participate in the 42nd annual international futures industry conference, FIA Boca 2017.

The conference will include senior-level executives from the futures, options, and cleared swaps industry. Connect with over 1,100 delegates and schedule time to meet with us.

Schedule a Meeting With Eris Exchange >> Contact Us

Learn About the Eris SwapBook 2017 API Enhancements

Eris has released new enhancements to its electronic trading platform, Eris SwapBook, which include specific changes to the FIX Market Data and FIX Orders APIs in DEMO. A PROD release of these enhancements is being targeted for April.

View Details >> SwapBook CLOB Release Market Notice
Technical Review >> Eris SwapBook Enhancements

Careers

Eris Exchange continues to grow and is looking for talented individuals to join the team in New York, London, and Chicago. View the open positions below for current career opportunities.