Eris Exchange: April Newsletter

Eris Sets Open Interest Record in Standards

Recent Trading Highlights

Eris Standards Open Interest Growth:

RECORD: 108,451 contracts
Standard OI % of total: 68%
More than 6x 2014 levels

First trades of newly listed contracts:

2.5Y forward starting 2Y Dec 2018 Ultra Forward Standard
3Y Jun 2016 Primary Standard
5Y Sep 2016 Primary Standard

45 trades in 30Y tenor over the past 6 weeks, more than the prior 6 months combined

Read More >> Eris Trading Update

Eris Credit Futures on ICE Sets Trading Record

Eris CDX IG and Eris CDX HY Credit Futures set a single day record on April 5th with $59.4mm notional traded. Open Interest also reached an all-time high of $74.9mm notional on April 25th.

Eris Credit Futures contracts feature low barriers to entry and are a lower cost alternative to OTC credit index swap markets.

Learn More >> Eris Credit Futures on ICE

Featured Trade: Use Hedge Ratios for Relative Value Trades

Use Eris Standards to replicate traditional relative value trading strategies with lower margin requirements and clearing costs.

The Eris relative value tear sheet provides sample hedge ratios for spreading Eris contracts against Treasury Futures. View a sample spread widener trade with associated P&L and capital efficiency details.

Learn More >> Relative Value Tear Sheet

Eris Now Streaming Markets for Next Two IMM Effective Dates

Eris is offering live streaming markets for the next two IMM effective dates going forward. End-users can view the live streaming markets via Eris SwapBook or their preferred platform.

Users can trade up to 10 streaming points on the yield curve.

View Live Streaming >> Eris Standards Live Streaming

Trade Eris Using Customized Trading Formats

Eris offers various pricing format options for all Standards contracts. Eris Standards are quoted in NPV format, and pricing alternatives are readily available, including par rates and futures prices.

There are multiple ways to access the NPV, Par Rate, YTM, and Futures Price through both Bloomberg and Eris Daily Reports.

Learn More >> Eris Price Format Options

Video: Trading Eris Through Trading Technologies

View the Trading Technologies video, featuring various tools and trading strategies for Eris Swap Futures.

Trading Technologies provides access through the Eris SwapBook gateway, enabling intra and inter-market spreads trading through a comprehensive suite of tools.

Watch Video >> Eris on Trading Technologies

Trade Eris Electronically Through DAW Trading

DAW Trading now offers clients the ability to trade Eris through its execution platform by utilizing custom algorithms and technical signals for optimal trading automation.

DAW Trading joins 18 market leading front-end platforms that offer client trading access to Eris.

Learn More >> Electronic Execution

Now Live, Eris Standards Look-Up Page

Use the Standards Look-Up page to quickly filter through the full inventory of Standards and identify specific contracts for trading various strategies.

Users can download a file of all available Standards. The user guide highlights the new features and functions.

Access Page >> Standards Look-Up
Learn More >> User Guide

Team Eris Competes in Bloomberg's Financial District Race

Team Eris Exchange participated in the inaugural Bloomberg Square Mile Relay in NYC on April 21st.

Carl Daucher, of Bloomberg, raced on Team Eris winning the race as the top individual in the one-mile route with the fastest time, clocking in at a blistering 5:12 pace.

Read More >> Bloomberg Square Mile Relay