26 March 2015

RBS joins Eris Exchange

24 June 2014  |  950 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)

Top topics

Most viewed Most shared
Banking has reached a digital tipping poin...
8452 views comments | 50 tweets | 27 linkedin
US lawmakers form payments technology cauc...
4988 views comments | 13 tweets | 11 linkedin
Six undertakes hackathon talent challenge...
4376 views comments | 9 tweets | 5 linkedin
Credit Suisse paper offers qualified bitco...
3791 views comments | 4 tweets | 8 linkedin
Google preps Gmail bill payment feature
3725 views comments | 10 tweets | 12 linkedin

Featured job

Competitive
Brussels, Paris or Frankfurt

Find your next job