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RTS Connects with Eris Exchange Based on Client Interest in Swap Futures

The connectivity will enable RTS clients to use algorithmic strategies to execute between interest rate futures swaps, cash and other futures products.

RTS Realtime Systems Group (RTS) and Eris Futures Exchange, a US-based futures exchange, said today that RTS will offer clients direct connectivity to the Eris SwapBook for trading in interest-rate swap futures.

The linkage enables trading firms using RTS’ trading, risk management and hosting solutions to create and capitalize on new spread strategies between the Eris interest rate swap futures and other cash and futures markets.

Through the connectivity, RTS clients, including trading and brokerage firms, as well as hedge funds and commodity trading advisors, will be able to utilize RTS’ low latency algorithmic trading solution to execute spread strategies between the Eris Standard Swap Futures and against cash Treasuries and Treasury futures contracts.

"We're very excited to offer our clients the ability to quickly and easily integrate Eris Exchange Swap Futures into their existing yield and bond trading strategies. This connectivity will offer terrific new outright and spreading opportunities, and firms can access the products through our RTD Tango platforms or our open RTD API," stated RTS’ CEO Steffen Gemuenden in the joint release.

RTS operates an existing distribution network of more than 135 derivatives, cash and futures markets to which it is adding Eris Exchange’s swap futures contracts.

“The vast RTS client base can now trade Eris futures against the deepest pools of liquidity in the world and RTS connectivity will greatly expand access to Eris Swap Futures to a broad set of new participants with diverse hedging and investing needs,” commented Neal Brady, CEO of Eris Exchange in today’s announcement.

According to Gemuenden, RTS clients are interested in a futures product solution that fits into their strategies without adding the Dodd-Frank regulatory complexities that apply to OTC swaps. "Given the regulatory certainty of futures and the clever construction of the Eris contracts to mimic the flexibility of OTC interest rate swaps, these contracts have great potential to become highly liquid instruments," added Gemuenden.

RTS is also planning to offer access to the Eris Flex Swap Futures contracts within the next 60 days.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio

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