Examples of Eris Exchange in a sentence
The limited liability company agreement of Eris Exchange governs the management and operation of Eris Exchange (“Eris Exchange Operating Agreement”).
The term “Clearing Firm” collectively refers to all Authorized Traders of a Clearing Firm authorized to utilize Eris Exchange.
A Clearing Firm is authorized to access Eris Exchange to effect transactions.
CTI 1 is not applicable to Eris Exchange because the Exchange does not have members or a trading floor.
Eris Exchange calculates daily Eris PAI™ for all OTH trades using the overnight Fed Funds effective rate that was published on the Business Day of the previous RTH.
Eris Exchange will publicly report all Block Trades (instrument, price, quantity) immediately upon successful receipt of the trade details from the party reporting the trade.Exchange of Derivatives for Related PositionsEris Interest Rate Swap Futures are eligible to be traded as privately negotiated, off-exchange Exchange of Derivatives for Related Positions (EDRP’s) and reported to Eris Exchange.
Block Trades must be executed and reported pursuant to Rule 601 in the Eris Exchange Rulebook.
Block TradesEris Interest Rate Swap Futures are eligible to be traded as privately negotiated, off-exchange Block Trades and reported to Eris Exchange.
Eris Exchange does not report EDRP’s publicly during the trading day; however, activity from EDRP’s is reflected in the Exchange volume and open interest values published at the end of each trading day.
Trading HoursRegular Trading Hours (RTH):• Monday – Friday; 8:20 am to 5:00 pm Eastern Time Eris Exchange standard trading hours are currently 8:20 AM to 4:30 PM Eastern Time.Floating Rate Index3 Month USD LIBOR announced by the ICE Benchmark Administration Limited (IBA).