26 November 2014

RBS joins Eris Exchange

24 June 2014  |  844 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)

Who is commenting?

Finextra Member Commented on: Discover fires lawsuit...
Finextra Member Commented on: Discover fires lawsuit...

Featured job

Basic 100-120K Euro - 250K Euro OTE - NO CEILING
Commutable to Paris

Find your next job