CHICAGO, Sept. 7,
2022 /PRNewswire/ -- ErisX, a Cboe Global Markets
company, today announced it has introduced the ErisX Settlement
Service, a new solution designed to help remove settlement risk for
over-the-counter (OTC) crypto transactions. The new offering
expands ErisX's suite of tools for institutional investors,
enabling them to settle OTC trades with other ErisX customers using
a transparent U.S. licensed crypto spot market.
The ErisX Settlement Service can be accessed via standardized
API or ErisX's fully integrated Trading User Interface.
"The ErisX marketplace was conceived from building blocks used
in the traditional financial markets. Our newly launched ErisX
Settlement Service responds to customer demand for a solution that
helps remove settlement risk while also reducing the operational
burden for OTC trading," said Matthew
Trudeau, Chief Operating Officer of ErisX. "We look forward
to welcoming new investors to our crypto markets with an efficient
and effective solution for clearing and settlement."
About Cboe Global Markets,
Inc.
Cboe Global Markets (Cboe: CBOE), a leading provider of market
infrastructure and tradable products, delivers cutting-edge
trading, clearing and investment solutions to market participants
around the world. The company is committed to operating a trusted,
inclusive global marketplace, providing leading products,
technology and data solutions that enable participants to define a
sustainable financial future. Cboe provides trading solutions and
products in multiple asset classes, including equities, derivatives
and FX, across North America,
Europe and Asia Pacific. To learn more, visit
www.cboe.com.
About ErisX
ErisX Futures are offered through Eris Exchange, LLC, a
Commodity Futures Trading Commission (CFTC) registered Designated
Contract Market (DCM) and Eris Clearing, LLC, a registered
Derivatives Clearing Organization (DCO). The CFTC does not have
regulatory oversight authority over spot market trading of virtual
currencies. ErisX Spot Market is not licensed, approved or
registered with the CFTC and transactions on the ErisX Spot Market
are not subject to CFTC rules, regulations or regulatory oversight.
ErisX Spot Market is offered through Eris Clearing, LLC, which is
licensed to engage in virtual currency business activity by the
New York State Department of
Financial Services and holds licenses in other U.S. states and
territories. https://www.Erisx.com/disclaimer/.
ErisX offers individuals and institutions a single, innovative
platform to access crypto spot and futures markets. By combining
professional tools, advanced technology, sophisticated regulatory
oversight, and a diverse product set, ErisX offers compliant,
capital markets friendly workflows to digital market participants.
Backed by some of the world's largest trading firms and financial
institutions, ErisX brings transparency and reliability to the
digital asset class. ErisX, Eris Exchange, and the ErisX and Eris
Exchange logos are trademarks of the Eris Exchange group of
companies.
Cboe Media
Contact
|
ErisX Media
Contact
|
Cboe Analyst
Contact
|
|
|
|
Angela
Tu
|
Jessica
Darmoni
|
Kenneth Hill,
CFA
|
+1-646-856-8734
|
+1-312-756-8716
|
+1-312-786-7559
|
atu@cboe.com
|
Jessica.darmoni@erisx.com
|
khill@cboe.com
|
CBOE-C
CBOE-OE
Cboe®, Cboe Global Markets®, Cboe Volatility Index®, ErisX®,
and VIX® are registered trademarks of Cboe Exchange, Inc. All other
trademarks and service marks are the property of their respective
owners.
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SOURCE Cboe Global Markets, Inc.