Savvis, a CenturyLink company, today announced the availability of a range of low latency connectivity options for trading firms requiring access to interest rate swap futures transacted on Eris Exchange.
Eris Exchange is the leading, open access futures exchange for interest rate risk management, offering forward starting and spot starting interest rate swap futures contracts cleared by CME Clearing. Clients access the exchange via the Eris SwapBook electronic trading platform and Eris BlockBox trade reporting portal. Eris Exchange's innovative IRS futures contracts combine the flexibility of over the counter (OTC) swaps with the ease of futures processing.
Trading participants can leverage Savvis Markets Infrastructure to connect to Eris Exchange. Colocation with Eris Exchange's trading infrastructure is available in Savvis' NJ3 data center in Piscataway, N.J., and CH4 facility in Chicago. Alternatively, cost-effective low latency connectivity is available across Savvis' global network from NJ3 to other data centers.
"Eris Exchange offers unique benefits to swap end-users seeking to tap new liquidity pools and maximize capital efficiency in anticipation of the Dodd-Frank clearing mandate," said Michael Riddle, chief operating officer for Eris Exchange. "Savvis Markets Infrastructure connectivity provides a broad and flexible range of IT infrastructure solutions for trading participants seeking to access our markets."
A number of the world's leading liquidity venues -- including traditional equities and derivatives exchanges, alternative trading venues such as dark pools and crossing networks, foreign exchange and fixed income electronic communication networks -- trust Savvis to host their trading systems and matching infrastructure. Savvis Markets Infrastructure provides ubiquitous access to an unparalleled breadth of marketplaces resident in Savvis' facilities.
"We welcome Eris Exchange into our global community of trading ecosystems," said Varghese Thomas, global head of financial services at Savvis. "As trading firms look to diversify their strategies and regulatory changes create new opportunities for alpha-generation, new liquidity venues will find a ready market of firms wishing to connect and trade."
Savvis infrastructure solutions are tailored for the financial services industry. This includes proximity hosting for trading platforms across all asset classes and highly flexible grid computing platforms for applications such as risk management, as well as analytics and global connectivity solutions.