Eris Exchange (Eris), a US-based futures exchange offering capital-efficient Swap Futures, today announced that leading global electronic market maker, Virtu Financial (Virtu), is streaming liquidity into Eris SwapBookTM and will be offering two-way voice markets for off-exchange trades for Eris Swap Futures.
“This decision to expand market making operations to Eris is a logical extension of Virtu’s business objective to provide highly efficient two-way markets into transparent, open, anonymous order books for standardized interest rate products,” said Douglas Cifu, CEO of Virtu Financial, LLC. “Eris offers a cost effective and innovative futures alternative to OTC swaps with appealing characteristics including low minimum trade sizes, and margin efficiency.”
“Eris is excited to have Virtu join a group of committed bank and non-bank market makers to stream deep markets and offer voice liquidity for Eris Swap Futures,” said Neal Brady, CEO of Eris Exchange. “This announcement is another sign that Eris Swap Futures are a powerful alternative to traditional OTC swaps in the evolving market structure, and as capital concerns become an additional driver towards futures and standardized products.”
