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Trading Technologies International, Inc. (TT), a global provider of high-performance trading software for derivatives professionals, and Eris Exchange, a U.S.- based futures exchange offering swap futures as a capital-efficient alternative to traditional OTC interest rate swaps, today announced that TT has released its connection to the Eris SwapBook™ electronic trading platform.
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. Examples include:
- Yield curve spreads (steepeners and flatteners using quarterly Eris Standards)
- Cash/futures swap spreads using Eris Exchange futures and BrokerTec and GovEx cash Treasuries
- Capital efficient futures/futures swap spreads (invoice spreads) using Eris Exchange futures and CME Group Treasury futures
“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, ADL™ and TTNET™ ahead of the next wave of clearing mandates,” said 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.”
