“Eris SOFR Swap futures unlocked a more efficient way to access swap spread risk, combining the precision of OTC markets with the efficiency of listed derivatives,” said our Founder & CEO Don Wilson. Congratulations to the Eris Innovations team on the continued momentum ahead of the June Eris Options launch at CME Group.
Today, Eris Innovations announced a new investment round backed by leading trading firms. The round follows marked growth in Eris SOFR activity ahead of the June Eris Options launch at CME Group. Eris SOFR Swap futures milestones highlighted in the release: 🔵 Open interest tripled over a recent 6-month period reaching 710,000 contracts 🔵 Q1 average daily volume record of 22,000 contracts 🔵 Expanding participation from mortgage hedgers, regional banks, asset managers, insurers, swap dealers, and futures market makers Participation in the investment round includes trading firms and affiliates such as DRW, DV Trading, BlackEdge Capital, Arb Trading Group, Chicago Trading Company, and TransMarket Group. Read the full press release here: https://lnkd.in/grEa4pih