Eris Exchange Receives Fow Magazine Award for Innovation by an Exchange in the Field of Product Design
U.S. Newswire › November 22, 2011
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Summary
CHICAGO and LONDON, Nov. 22, 2011 /PRNewswire/ -- Eris Exchange, a US-based futures exchange, today announced that it has received the 2011 FOW Award for Best Innovation by an Exchange in the Field of Product Design for North America. The award, which was announced at the FOW Derivatives World event in London, recognizes Eris Exchange's 2010 introduction of the groundbreaking Interest Rate Swap Futures contract that embeds the cash flows of OTC interest rate swaps into a futures contract cleared by CME Clearing.
Neal Brady, Chief Executive Officer of Eris Exchange stated, "We are proud to receive this recognition for innovation from such a prominent publication as FOW." He added, "Driven by impending regulatory reform and increased concern over counterparty exposure, end user clients are seeking to tap new sources of liquidity to trade interest rate swap derivatives in a capital efficient manner. This award further confirms that trading Eris Exchange Interest Rate Swap Futures allows market participants to meet this challenge with a flexible futures contract that offers anonymous trading and settles independently to the daily CME Clearing interest rate swap curve."See the full content of this document
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Eris Exchange Receives Fow Magazine Award for Innovation by an Exchange in the Field of Product Design
The Eris Exchange contract consolidates typical OTC cash flows from fixed and floa...
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