| Election Spurs Record Open Interest and Volume |
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November Trading Activity:
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RECORD:
Eris Standard OI reached 131,368
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RECORD:
Eris Standard OI = 76% of total OI
- Election Week Highlights:
- 376 trades in 3 days, highest in over a year
- 5-day avg. trade count >100, highest YTD
- Notable Trades: >$550mm 10Y Eris on 11/7/2016
- $400mm as blocks and >$150mm in CLOB
- 4 times best bid size was executed
- All trades done at or tighter than best bid
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| Join Eris at the Bank of America Swaps Event in London |
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Tim Stack, Eris' Head of Europe, will be speaking at the Bank of America IR Derivatives, Swap & Credit Futures Breakfast in London on Thursday, November 24th.
Mr. Stack will be participating on a panel to discuss the future of swaps, swap futures' economic advantages, accessibility, deep liquidity in the market, and more.
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| Featured Trade: 5Y Eris/UST Spread Using X_TRADER |
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Learn how to configure AutospreaderTM in TT X_TRADER. Trade the yield spread between LIBOR swaps and UST yields easily and efficiently across two exchange order books using the auto legging functionality available in TT X_TRADER.
Similar spreading functionality is also available on other trading platforms such as CQG and HFT Technologies.
Learn More >> View Configuration Guide |
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avy Volume Results from Deep Eris Liquidity
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Over a 10-minute period on the afternoon of November 7th more than $550mm Eris 10Y Standards (5,500 contracts) traded at an average price better than the best bid prior to the activity.
Three blocks traded, including two that were larger than the order book bid size. The order book showed no signs of stress during these executions.
Learn More >> Demonstrated Block & Electronic Liquidity |
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| RJO Releases Fair Value Hedge Effectiveness Case Study |
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Eris and the Fixed Income Group at R.J. O'Brien & Associates (RJO) released a Fair Value case study that outlines how Eris Interest Rate Swap Futures receive favorable hedge accounting treatment.
Following up on the initial Cash Flow case study released last month, the RJO Fixed Income Group commissioned the latest case study, concluding that Eris Swap Futures may successfully receive Fair Value hedge accounting treatment.
Sign Up for the Full Case Study >> Register
Read Summary >> Case Study Summary |
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| 3Y and 4Y Now Streaming on ERIS1 <GO> on Bloomberg |
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Eris 3Y and 4Y Standards streaming markets are now available on Bloomberg for real time data and execution.
With the addition of the 3Y and 4Y points, Bloomberg users can now view real-time market data and execute Eris Swap Futures across the curve including the 2Y, 3Y, 4Y, 5Y, 7Y, 10Y and 30Y tenors.
Learn More >> Eris on Bloomberg Summary |
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| iTreasurer: Eris Standards Could Help Mitigate Swap Cost Hike |
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A feature article in iTreasurer takes a look at how Eris Swap Futures are an attractive alternative to hedge risk due to new margin rules and requirements and help mitigate the related cost increase.
"As margin rules kick in the cost of entering over-the-counter (OTC) swap transactions is likely to skyrocket...Swap futures are already eligible for hedge accounting treatment, and accounting changes now in the works could simplify that process even further. Eris Standards could help mitigate the cost increase."
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| Eris Feautured in The TRADE: EXPO Shorts |
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Watch "The TRADE's EXPO Shorts" video with Geoff Sharp, Head of Sales for Eris Exchange, as he explains the factors leading to the increased pace of adoption and trading of Eris Swap Futures.
"We are now reaching a point where the ecosystem is becoming more fully developed and the regulations are starting to bite, which leads to a very different narrative for a broad range of participants in the OTC swap market..."
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| Listen to The Options Insider Podcast Featuring Eris |
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Geoff Sharp, Head of Sales at Eris, joins The Options Insider on a recent podcast to discuss Eris Swap Futures and how Eris is breaking OTC swap market inertia.
The podcast explores the advantages of Eris Swap Futures, the various Eris offerings, and how users can best deploy Eris in their trading strategies.
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Apply For a Career at Eris Exchange
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Eris Exchange continues to grow and is looking for talented individuals to join our team in New York, London and Chicago.
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November Highlights
Latest Trading Records
Join Eris at BAML Swaps Event
5Y Eris/UST Spread Trade
Solid Liquidity Through Volatility
Fair Value Hedge Accounting
3Y, 4Y on Bloomberg ERIS1 <GO>
iTreasurer: Eris Mitigates Cost
Eris in The TRADE
Options Insider Eris Podcast
Careers
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View prior monthly trade ideas:
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