10-year Eris SOFR 0.5 bp wide

10-year Bid/Ask Spread

Tightened in August

10-year Eris SOFR markets tightened in August, including a best bid/ask spread within 0.5 basis points for 25% of regular trading hours, and within 0.75 bp for 85% of the time, according to BMLL Technologies data
Tightening prices are driven by market makers realizing capital efficiencies from CME’s recent addition of Eris SOFR to its cleared swap portfolio margining offering
Need help finding Eris SOFR markets on Bloomberg? Here is an example of the Bloomberg Launchpad for Eris Markets, which you can request directly from Eris

CME Group Talks

Eris SOFR on Podcast

John Lothian News recently interviewed CME Group’s Agha Mirza and Eris’ Michael Riddle about the recent success of Eris SOFR
Here is a video snippet of Michael explaining how market makers translate more efficient margin treatment into tighter markets
The full audio podcast is available from JLN

New CME Group Paper for REIT’s

CME Group recently published an article describing how Eris Futures can help REIT’s and other leveraged investors
It shows detailed examples of saving 50%+ on initial margin compared to cleared IRS
It’s a great product introduction for hedgers, even discussing application of tax and hedge accounting for Eris SOFR positions

Treasury vs. Eris Futures

Inter-Commodity Spreads

CME recently announced the October 23 launch of implied inter-commodity spreads (ICS) between Treasury Futures and Eris SOFR
ICS enables traders to execute spreads without execution risk
These spreads will be available for customer testing in New Release on Monday, September 18

Eris Essentials

Eris Innovations is an intellectual property licensing company that partners with CME Group to develop futures based on its patented product design, the Eris Methodology. CME Group lists Eris SOFR, Eris Libor and Eris BSBY Swap Futures for trading on the CBOT exchange.

info@erisfutures.com | www.erisfutures.com | 646-961-4489

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Disclaimer: The information contained herein does not constitute a prospectus, nor is it a recommendation to buy, sell or retain any specific financial instrument or security. The information has been provided to you for informational purposes only and is intended as a broad overview of certain aspects Eris swap futures products, and should not be considered as investment advice, legal advice, or tax advice. Although all effort has been made to provide accurate information Eris Innovations assumes no responsibility for any errors or omissions. Trademarks of Eris Innovations and/or its affiliates include Eris, Eris Innovations, Eris PAI, Eris Methodology, Eris Pricing Engine and the Eris Logo. All other trademarks, service marks, trade names, product names and logos are the property of their respective owners. Certain elements of the contract design and pricing construct are covered by U.S. Patent No. 9,747,641. Other patents-pending. All Rights Reserved.