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SOURCE Eris Exchange
CHICAGO, May 13, 2014 /PRNewswire/ -- Eris Exchange announced today that live streaming prices for Eris Swap Futures are now available through the UBS Neo platform, a cross asset class platform featuring buy-side focused agency execution services. Additionally, end-users can now trade Eris Swap Futures by calling the UBS execution services desk.
UBS can facilitate central limit order book trades in Eris SwapBook, as well as block trades, and a variety of packaged trades including swap spreads, asset swaps, curve trades, and baskets of Eris Swap Futures.
The new offering with UBS Neo complements the recent announcement of UBS's clearing capabilities for Eris Swap Futures as well as the first UBS buy-side client trade of Eris Swap Futures as an alternative to OTC interest rate swaps ahead of the Swap Execution Facility trading mandate in February 2014.
"We are excited to partner with Eris to further provide our clients with best-in-class offerings and help them seamlessly navigate the evolving interest rate trading market," said Paul Hamill, Global Head of FX, Rates and Credit Execution Services for UBS.
"We are pleased to have Eris markets distributed through the UBS Neo client platform allowing buy-side clients to observe the Exchange's deep order books and tight bid-ask spreads," said Neal Brady, Chief Executive Officer of Eris Exchange. "Additionally, we are excited for the buy-side to have the ability to trade through UBS's market leading execution team, which will allow for efficient execution of Eris Swap Futures on a common platform with OTC swaps."
Eris Exchange is a futures exchange (Designated Contract Market) subject to CFTC jurisdiction, listing cash-settled interest rate swap futures with open interest exceeding 106,000 contracts. Eris Exchange contracts are cleared by clearing firms through CME Clearing, the global leader in derivatives clearing. Eris SwapBook and Eris BlockBox are registered trademarks of Eris Exchange. For more information, visit Eris Exchange online at www.erisfutures.com or follow us on Twitter @erisfutures
Media Contact – Eris Exchange
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