Barchart Announces Connectivity to Eris Exchange for Swap Futures
CHICAGO, IL – January 21, 2015 – Barchart, a leading provider of market data and information, today announced the availability of Eris Exchange through its data feed services and trading platform, Barchart Trader. Eris Exchange market data is available through Barchart's normalized and raw data feed services, including real-time and historical data, as well as Barchart's cloud-based API service—Barchart OnDemand. Users of Barchart Trader can also access real-time and historical Eris Exchange market data.
“We have received an increase in demand for Eris Swap Futures market data from our clients as Eris continues to post strong increases in volume and open interest,” said Eero Pikat, President of Barchart. “The demand has come from both back-office risk management systems used by our clients as well as users of our front-end applications,” added Pikat.
“The continued growth of Eris Exchange relies on leading data vendors such as Barchart, delivering Eris Swap Futures pricing data to market participants,” said Michael Riddle, Chief Operating Officer of Eris Exchange. “Barchart now offers its clients Eris Exchange Swap Futures market data through an array of data feed services, as well as through its website display solutions used by third-party brokerage and trading firms,” said Mr. Riddle.
In 2014, Eris Exchange realized a fourteen-fold increase in trade count along with an 82% increase in total open interest bolstered by $49 billion in notional value traded. December 2014 record average daily volume was up 324% compared to average daily volume in the period from January to June 2014.
With a heritage dating back to 1934, Barchart.com, Inc. has substantial experience in meeting the information needs of the financial, media, agriculture and energy industries. As a full-service provider of equity, index, mutual fund, futures and foreign exchange market data, Barchart provides a wide range of market data products and solutions for customers ranging from institutional to retail. As an established leader in an industry that demands accuracy and innovation, Barchart's goal is to form partnerships that deliver comprehensive solutions for success. For more information, please visit www.barchartinc.com.
About Eris Exchange
Eris Exchange is a futures exchange registered as a Designated Contract Market with the CFTC. The Exchange lists cash-settled interest rate swap futures with current open interest exceeding 145,000 contracts. Contracts traded on Eris Exchange are cleared by CME Clearing. The Eris Methodology™, our patent-pending and award-winning product design for constructing swap futures in a capital-efficient manner, is used in all swap futures listed on Eris Exchange and is also licensed by Intercontinental Exchange and Montreal Exchange. Trademarks of Eris Exchange and/or its affiliates include Eris Exchange, Eris SwapBook, Eris BlockBox, Eris PAI and Eris Methodology. For more information, visit Eris Exchange online at www.erisfutures.com or follow us on Twitter @erisfutures.