CBOE and Eris are launching this strategic partnership to develop product solutions that are expected to address the impact of international regulatory reforms
On May 23, 2016, CBOE and the Eris Exchange, LLC announced that CBOE Holdings has made a minority equity investment in its parent, Eris Exchange Holdings, LLC.? Eris is?a U.S.-based futures exchange group offering swap futures as a capital-efficient alternative to over-the-counter (OTC) swaps. Concurrent with this investment, CBOE will join Eris? board of directors.???
CBOE and Eris are launching this strategic partnership to develop product solutions that are expected to address the impact of international regulatory reforms, including Basel III, European swap clearing and trading mandates, and margin for un-cleared swaps. The CBOE S&P 500 Variance Futures currently listed for trading at CBOE Futures Exchange (CFE) are based on the Eris Methodology, and the CBOE and Eris partnership will allow the two companies to develop new proprietary products and indexes across asset classes.? The companies also plan to collaborate to enhance distribution of Eris Interest Rate Swap Futures and related market data.