The Rise and Fall of LIBOR -- Eris Spreads Are in Play
Upcoming money market regulation changes scheduled for the fall have led to large movements of cash out of prime money funds into government-only money funds. This flow of funds has led to a rise in the 3M LIBOR rate and overall out-performance of Treasury securities vs LIBOR.
Trading this LIBOR/Treasury relationship using Eris Standards can result in 80% margin offsets at CME Clearing.
Get Eris Margin Optimization Services Powered by Cassini
With Basel III mandates rapidly approaching, margin optimization is more important than ever before.
Eris and Cassini Systems now offer margin optimization services. Cassini's total cost analysis illustrates savings available to swap users with the introduction of Eris Standards into their portfolios.
ICE's Eris Interest Rate Futures Set Volume Record
ICE Eris Euribor® and GBP LIBOR interest rate futures reached a record monthly volume of 8,185 contracts for the month of July. The previous monthly record of 1,719 contracts was set in June 2016.
"We are pleased with the increasing levels of participation and open interest in Eris interest rate futures," said David Peniket, President, ICE Futures Europe.
Live streaming quotes in Eris 3Y and 4Y Standards will be available starting Monday, August 29.
The 3Y and 4Y are being launched due to significant end-user demand. Eris 4Y Standards provide a closer duration match when spreading with CME Group's US Treasury 5Y Note Future.
Trade Eris Standard Swap Futures contracts using HFT Technologies' robust Eris Price Feed Handler and Gateway; which allows firms to develop their own trade logic leveraging the HFT Core Eris Infrastructure.
HFT Technologies also offers an Inter Exchange Spreader Framework for cross exchange spreading. Both solutions offer a simple C++ API.
HFT Technologies specializes in Ultra Low latency infrastructure and custom trading application development for algorithmic trading and market making.
Sign Up for The CBOE 25 Fee Incentive Program Today
Eris is now accepting eligible Trading Privilege Holders (TPHs) to participate in the CBOE 25 fee discount program for all Eris Standard Swap Futures contracts.
TPHs can receive fee discounts in excess of 25% through a tiered structure based on volume thresholds.
