Eris Exchange, a futures exchange, will launch its electronic trading platform on May 18, 2011. The new platform, which is powered by Currenex part of State Street’s eExchange suite of trading technology solutions, will feature a central limit order book, request for quote (RFQ) and in-line credit controls.
The platform will let buy-side users and sales desks to trade standard maturity, plain vanilla, spot-starting swap futures with click-and-done assurance against streaming executable quotes from a dedicated group of liquidity providers. The exchange employs trading protocols with contract maturities any day out to 30 years, par swaps quoted in rate terms.
Click here for the release from Eris Exchange.