FOR IMMEDIATE RELEASE NEWS RELEASE TradingScreen Launches Trading Access to Eris Exchange
Transcription
FOR IMMEDIATE RELEASE NEWS RELEASE TradingScreen Launches Trading Access to Eris Exchange
FOR IMMEDIATE RELEASE NEWS RELEASE TradingScreen Launches Trading Access to Eris Exchange Buy-side Traders can now reach Eris Swap Futures through a Broker-neutral EMS NEW YORK – November 5, 2014 – TradingScreen, the leading independent provider of liquidity, trading, and investment technology via SaaS, today announced the addition of Eris Exchange as a destination. Buy-side trading participants can now access margin efficient Eris Swap Futures traded on Eris SwapBookTM through TradingScreen’s suite of offerings: TradeSmart® an award winning EMS, TradeExchange® a SaaS Exchange Links offering, and TradeFast® a high speed API through TradeNet®, a global network of brokers, liquidity providers and exchanges. TradingScreen’s broker-neutral approach allows buy-side clients to route orders directly, either through broker FIX infrastructures of their choice or by selecting the “sponsored access” model for electronic execution of Eris Standards Swap Futures. Buy-side clients who prefer the flexibility and choice offered by non-conflicted providers will find this offering a cornerstone of their “best execution” strategy. TradingScreen is the first broker-independent EMS offering Eris products in the market. “Morgan Stanley’s clients are very interested in the changing liquidity profile of the interest rate market. Eris products for hedging and trading interest rate risk offer an additional tool for clients’ portfolio management,” said Joseph Sarcona, Morgan Stanley’s head of distribution for electronic rates trading. “Specifically, our clients using TradingScreen, can now access Eris futures on their multi-asset class trading platform.” “TradingScreen is already the leader in independent Centrally Cleared Derivatives trading and aggregation for the buy-side as well as in algorithms across asset classes. The connection with Eris and the quality of its products reinforce what we offer and provides the large buy-side clients with a unique set of features that allow them to better handle a complex market infrastructure,” said Philippe Buhannic, CEO of Trading Screen. “We are very happy to participate in the development of Eris for the buy-side.” “Eris is proud to have its Swap Futures offered for trading through state-of-the-art TradingScreen execution tools and connectivity,” said Neal Brady, CEO of Eris Exchange. “A major benefit is the access provided by the wide network of broker-dealers offering TradingScreen, like our partner, Morgan Stanley, which significantly expands our coverage footprint to the buy-side trading community.” Contact: FOR TRADINGSCREEN Cristina Dolan 212-359-4149 [email protected] - More- FOR ERIS EXCHANGE Christopher Rodriguez 212-561-5472 [email protected] About TradingScreen TradingScreen is the leading independent provider of liquidity, trading, and investment technology via SaaS to the financial community. TradingScreen’s goal is to simplify the complexity of markets, by consolidating all investment workflows for exchange-traded and OTC instruments on a single platform. TradingScreen brings the major, global sell-side participants, leading regional brokers and the largest Buy side firms to a common environment, delivering market access, order- and liquidity-management and Investment services. The benefit to clients is an exceptional reach across counterparties, asset classes, and geography, and a full integration of services front to back. TradingScreen was named the Best Fixed Income Trading Platform in 2014 by Wall Street Letter for the second consecutive year. TradingScreen provides global coverage from offices in Chicago, Geneva, Hong Kong, London, New York, Paris, São Paulo, Singapore, Sydney and Tokyo. For more information on TradingScreen, go to http://www.tradingscreen.com. 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 138,000 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. ###