Eris Exchange is pleased to highlight that it has reached another major milestone in its client acquisition and growth strategy this week.
Open interest (OI) in CME cleared U.S. dollar denominated Eris Swap Futures has broken through the 200,000 level for the first time, with a new high of 201,440 set on September 11, 2017. These positions, which represent over $20 billion of LIBOR swap risk, are backed by CME Clearing’s flagship futures guarantee fund.
Open interest in the Eris Standard Swap Futures contracts, where trading in Eris is now concentrated, has grown by ~70% over the past 18 months. This growth is being fueled by rising institutional demand for a better way to trade interest rate swap risk, and a combination of the factors summarized below: