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Virtu Financial Joins Eris Exchange as a Liquidity Provider
Chicago, November 12, 2014 – 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.”
About Eris Exchange
Eris Exchange is an independent futures exchange registered as a Designated Contract
Market with the Commodity Futures Trading Commission. Eris Exchange lists cash-settled
interest rate swap futures with current open interest exceeding 139,000 contracts. Eris
Exchange contracts are cleared by clearing firms through CME Clearing, the global leader in
derivatives clearing. Eris Exchange®, Eris SwapBook™, Eris BlockBox™, and Eris
Methodology™ are trademarks of Eris Exchange, LLC. For more information, visit Eris
Exchange online at www.erisfutures.com or follow us on Twitter @erisfutures.
About Virtu Financial, LLC
Virtu is a leading electronic market maker and liquidity provider across numerous exchanges
and electronic marketplaces around the globe. From its offices in New York, Los
Angeles, London, Dublin, Sydney and Singapore, Virtu is active in market making in
equities, fixed income, currencies, options, energy products, metals and other commodities
across all major financial centers. Since 2002, Virtu's business has grown to comprise
significant market share in numerous asset classes around the world, playing a vital role in
contributing to the healthy and efficient functioning of global financial markets.
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Media Contacts:
Eris Exchange
Christopher Rodriguez
Chief Marketing and Relationship Management Officer
(212) 561-5472
[email protected]
www.erisfutures.com
Virtu
Alan Sobba
(202) 256-3001
[email protected]
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