IPC connects to Eris Exchange
IPC Systems, Inc., a leading provider of voice and electronic trading communications solutions to the world's top financial services firms today announced that they have added Eris Exchange, a U.S.-based futures exchange, to IPC's Connexus Financial Extranet service.
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Eris Exchange is a leading, open access futures exchange for interest rate risk management, offering forward starting and spot starting interest rate swap futures contracts. Eris Exchange provides the flexibility of over-the-counter interest rate swaps with the risk mitigation of CME Clearing, offering participants cleared swap futures. Using IPC's Connexus, market participants will experience flexible, reliable and secure connectivity to the Eris SwapBook™ electronic trading platform.
"We are delighted that IPC is providing connectivity to a diverse pool of market participants seeking direct access to the Eris SwapBook electronic trading platform," said Christopher Rodriguez, chief sales and corporate development officer, Eris Exchange. "In a fluid and demanding trading environment, IPC is well positioned to provide professionally managed connectivity that is an essential component of the overall trading experience."
"We welcome Eris Exchange to our global community of capital market participants," said Joe Pickel, vice president, Network Services Product Management, IPC. "As electronic trading in interest rate and credit default swaps continues to flourish having venues such as Eris Exchange as a destination on Connexus provides traders with the flexibility required to trade rapidly growing asset classes."