25 April 2015

RBS joins Eris Exchange

24 June 2014  |  982 views  |  0 Source: Eris Exchange

Eris Exchange, a US-based futures exchange offering capital efficient interest rate swap futures, today announced that RBS Securities Inc. will now provide clearing services to RBS's global client base via Eris Exchange.

In addition to supporting client clearing of Eris Swap Futures, RBS will also offer its clients access to Eris SwapBook™, Eris Exchange's electronic central limit order book.

"Eris Exchange welcomes RBS's decision to offer their leading clearing and execution services to clients," said Neal Brady, Chief Executive Officer of Eris Exchange. "Today's announcement further reinforces the efficiency of the futures clearing model and demonstrates the important role that swap futures play in the evolving structure of the derivatives markets."

"In a time of continued market and regulatory change, RBS is pleased to be able to provide our clients with the margin and operational efficiencies of Eris Swap Futures through our experienced, global execution team," said Jeff Howard, Managing Director and Global Head of Prime Services at RBS.

"Through our relationship with Eris Exchange, our clients will benefit from the ability to access liquidity for their interest rate hedging needs, along with top-of-the-line portfolio margining and offsets against other positions held at CME Clearing," added Mr. Howard.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
PayPal exec wants to replace passwords wit...
8339 views comments | 44 tweets | 21 linkedin
RBS and NatWest customers go into meltdown...
7110 views comments | 13 tweets | 10 linkedin
Banks on the brink as customer experience...
6485 views comments | 41 tweets | 30 linkedin
£12.8 billion to be sent through digi...
5514 views comments | 39 tweets | 16 linkedin
Finextra Future Money Day 1 - Live blog
5035 views comments | 7 tweets | 5 linkedin

Featured job

to GBP £80K base, double OTE
London, UK or Madrid, Spain

Find your next job