CQG, Inc. today announced its planned connectivity to Eris Exchange, a US-based futures exchange offering capital efficient interest rate swap futures. The new offering will provide CQG customers with access to Eris’ Swap Futures for market data, analytics and trade execution through an array of CQG trading platforms.
CQG will roll-out access to Eris Exchange through all of its platforms and APIs, facilitating both outright and spread trading.
“We are excited to offer our customers a gateway into the newly regulated swap futures market through Eris Exchange,” said Mike Glista, Director of Order Routing, at CQG. “We have been focusing on further expanding our coverage and global footprint, which now includes more than 60 exchanges, to continue to meet the evolving needs of our clients.”
Eris Exchange is experiencing significant momentum, which can be seen through recent records in both volume and open interest. Eris has posted eight consecutive quarters of Swap Futures open interest records recently topping 138,000 contracts equating to 637% growth over the period.
“CQG’s core strengths in aggregation and spreading functions nicely address the demands of our expanding mutual client bases,” said Neal Brady, CEO of Eris Exchange. “As our markets continue to grow as an alternative to OTC swaps, the new CQG connection to Eris will meet clients’ requirements for broader electronic access, smart order routing, and powerful applications that are able to define synthetic spreads for the most complex trading strategies.”
The connection to Eris Exchange will launch in Q1 of 2015.
