TT to offer Eris Exchange connectivity

Source: Trading Technologies International

Trading Technologies International, Inc. (TT), a global provider of high-performance trading software for derivatives professionals, and Eris Exchange, a U.S.-based futures exchange, today announced that TT will offer a new gateway to connect its trading software to the Eris SwapBook electronic trading platform.

With the new connection, which is currently targeted for release in the fourth quarter of 2012, TT customers will gain the ability to trade benchmark Eris Exchange Interest Rate Swap Futures and inter-market spreads through TT's X_TRADER trading platform and related products.

TT clients will have access to 2, 5 and 10 year Forward Starting IMM-dated Eris Exchange Interest Rate Swap Futures. In addition, clients using TT's Autospreader spreading tool will have the option to easily trade cross-exchange spreads if they have access to other exchanges, including:

  • Cash/Futures Swap Spreads using Eris Exchange Futures and BrokerTec Cash Treasuries
  • Futures Invoice Spreads using Eris Exchange Futures and CME Group Treasury Futures

"Connecting to Eris Exchange is an ideal way for Trading Technologies to help traders capitalize on the new opportunities driven by recent financial regulation," said Harris Brumfield, CEO of TT. "By embedding swap economics into a futures contract with standardized dates and rates that provides margin offsets with CME Group interest rate futures, Eris Exchange has anticipated the evolution of the swaps market toward the standardization and capital efficiency that have long been hallmarks of the futures industry."

"TT's support of Eris Exchange extends our distribution to thousands of buy-side and sell-side firms eager to trade Eris Exchange Interest Rate Swap Futures with TT's powerful X_TRADER platform and related products including ADL™, Autospreader and FIX Adapter tools," said Neal Brady, CEO of Eris Exchange. "TT's server-side spreading engine, Autospreader Strategy Engine, in particular, unlocks the potential for traders to execute compelling inter-market trading strategies electronically using Eris Exchange Interest Rate Swap Futures."

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