CHICAGO, September 7, 2022 /PRNewswire/ — ErisX, a Cboe Global Markets company, announced today that it has launched the ErisX Settlement Service, a new solution designed to help eliminate settlement risk for over-the-counter (OTC) crypto transactions. The new offering expands ErisX’s tool suite for institutional investors, allowing them to transact OTC trades with other ErisX clients through a transparent US-licensed crypto spot market.
The ErisX Settlement Service can be accessed via ErisX’s standardized API or fully integrated trading user interface.
(PRNews photo/Cboe Global Markets, Inc.)
“The ErisX marketplace was designed using building blocks used in traditional financial markets. Our newly launched ErisX Settlement Service responds to customer demand for a solution that helps eliminate settlement risk while reducing the operational burden for OTC trading,” he 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 state-of-the-art trading, clearing and investment solutions to market participants around the world. The company strives to operate a trusted, inclusive global marketplace and provide leading-edge products, technology and data solutions that enable participants to define a sustainable financial future. Cboe offers trading solutions and products across multiple asset classes including equities, derivatives and forex North America, Europe and Asia Pacific. To learn more, visit www.cboe.com.
About ErisX
ErisX futures are offered through Eris Exchange, LLC, a Designated Contract Market (DCM) registered by the Commodity Futures Trading Commission (CFTC) and Eris Clearing, LLC, a registered Derivatives Clearing Organization (DCO). The CFTC has no regulatory oversight authority over spot market trading in virtual currencies. The ErisX Spot Market is not licensed, authorized or registered with the CFTC, and transactions on the ErisX Spot Market are not subject to the rules, regulations or oversight of the CFTC. The ErisX Spot Market is offered through Eris Clearing, LLC, licensed by to engage in virtual currency business activities The State of New York Department of Financial Services and holds licenses in other US states and territories. https://www.Erisx.com/disclaimer/.
ErisX offers individuals and institutions a single, innovative platform to access crypto spot and futures markets. Combining professional tools, advanced technology, sophisticated regulatory oversight and a diverse suite of products, ErisX offers digital market participants compliant, capital markets-friendly workflows. 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.
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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.
SOURCE Cboe Global Markets, Inc.
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