Traders said European clearing mandate will boost firms like Eris and GMEX
Exchange’s new European interest rate futures
based on the Eris model have traded 74 lots in the two weeks
since launch, a slow start that traders have linked to various
ICE launched on June 29
sterling and Euro-denominated interest rate futures based on a
methodology devised by Chicago-based exchange Eris and has
traded since then 74 lots with 50 lots of open interest.
An ICE spokesperson declined to comment
Tuesday on the reasons behind the low volumes on the new
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