US Futures Exchange, Eris Exchange, Appoints High-Speed Provider for International Accessibility
Thursday,21/08/2014|18:29GMTby
Adil Siddiqui
Leading US derivatives exchange, Eris Exchange has chosen low-latency technology provider Perseus Telecom to enhance its global coverage and solutions for risk compliance as the exchange undergoes new developments.
Eris Exchange, a multi-asset OTC provider of derivatives products, has extended its global offering as it reports the selection of its new low latency technology provider. Perseus Telecom, a New York headquartered provider of high-speed global connectivity, High Precision Time™ and Market-to-Market networks, will be offering trading access and time verification for Eris Exchange Swap Futures, accessible at Equinix data centres in Chicago, London and Tokyo. The move highlights Eris Exchange’s commitment of enhancing its trading infrastructure for automated trading.
Perseus Telecom’s High Precision Time™, a sophisticated offering that connects exchanges and users for all applications & synchronization will be available on Eris Exchange. The derivatives trading venue continues to enhance its operating framework as high-frequency and algorithmic traders take heed of the bourse.
Dr. Jock Percy, Chief Executive of Perseus Telecom, commented about the new partnership in a statement: "Perseus is pleased to be recognized as a global network provider for Eris Exchange and together, with High Precision Time™ for regulatory compliance makes our overall offering unique, coupling trading with risk control already tested and deployed.
We connect leading investment banks, hedge funds and Market Makers for the fastest, most secure execution and our global managed service infrastructure, with the US Government timescale, adds key security & audit practices for Risk Management standards, all delivered on a simple cross connect."
Eris Exchange, established in Chicago in 2010, is an open access futures exchange for interest rate risk management, in addition, it offers forward starting and spot starting interest rate swap futures contracts.
Eris Exchange’s Chief Operating Officer, Michael Riddle, spoke about the firm’s appointment of Perseus Telecom: "Eris Exchange has spent years enhancing the distribution of our benchmark swap futures offering and we are well positioned to grow with innovative technology companies such as Perseus.”
Eris Exchange has seen exponential growth in trading activity. The venue has reported seven consecutive quarters of growth, quarter-on-quarter. Year-to-date, the exchange reported 401% in Open Interest from figures reported a year early.
Michael Riddle
“We foresee increasing volumes and aligning with a leading global network provider demonstrates our focus on accelerating market growth. Through the Perseus High Precision Time™ offering, Eris Exchange trading firms have immediate access to respond to their regulatory requirements while adding business value to our diversified market,” added Mr. Riddle.
Listed interest rate derivatives are gaining traction among users after the dismal 2008 period which saw fixed income markets collapse. However, after new rules in the US, under the Dodd-Frank Act, the market is picking up as participants appreciate enhanced transparency through exchanges and SEFs.
Eris Exchange, a multi-asset OTC provider of derivatives products, has extended its global offering as it reports the selection of its new low latency technology provider. Perseus Telecom, a New York headquartered provider of high-speed global connectivity, High Precision Time™ and Market-to-Market networks, will be offering trading access and time verification for Eris Exchange Swap Futures, accessible at Equinix data centres in Chicago, London and Tokyo. The move highlights Eris Exchange’s commitment of enhancing its trading infrastructure for automated trading.
Perseus Telecom’s High Precision Time™, a sophisticated offering that connects exchanges and users for all applications & synchronization will be available on Eris Exchange. The derivatives trading venue continues to enhance its operating framework as high-frequency and algorithmic traders take heed of the bourse.
Dr. Jock Percy, Chief Executive of Perseus Telecom, commented about the new partnership in a statement: "Perseus is pleased to be recognized as a global network provider for Eris Exchange and together, with High Precision Time™ for regulatory compliance makes our overall offering unique, coupling trading with risk control already tested and deployed.
We connect leading investment banks, hedge funds and Market Makers for the fastest, most secure execution and our global managed service infrastructure, with the US Government timescale, adds key security & audit practices for Risk Management standards, all delivered on a simple cross connect."
Eris Exchange, established in Chicago in 2010, is an open access futures exchange for interest rate risk management, in addition, it offers forward starting and spot starting interest rate swap futures contracts.
Eris Exchange’s Chief Operating Officer, Michael Riddle, spoke about the firm’s appointment of Perseus Telecom: "Eris Exchange has spent years enhancing the distribution of our benchmark swap futures offering and we are well positioned to grow with innovative technology companies such as Perseus.”
Eris Exchange has seen exponential growth in trading activity. The venue has reported seven consecutive quarters of growth, quarter-on-quarter. Year-to-date, the exchange reported 401% in Open Interest from figures reported a year early.
Michael Riddle
“We foresee increasing volumes and aligning with a leading global network provider demonstrates our focus on accelerating market growth. Through the Perseus High Precision Time™ offering, Eris Exchange trading firms have immediate access to respond to their regulatory requirements while adding business value to our diversified market,” added Mr. Riddle.
Listed interest rate derivatives are gaining traction among users after the dismal 2008 period which saw fixed income markets collapse. However, after new rules in the US, under the Dodd-Frank Act, the market is picking up as participants appreciate enhanced transparency through exchanges and SEFs.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
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Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
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We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
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Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
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Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
Interview with Jas Shah
Builder | Adviser | Fintech Writer | Product Strategist
In this episode, Jonathan Fine sat down with Jas Shah, one of the most thoughtful voices in global fintech. Known for his work across advisory, product, stablecoins, and his widely read writing, Jas brings a rare combination of industry insight and plain-spoken clarity.
We talk about his first impression of the Summit, the projects that keep him busy today, and how they connect to the stablecoin panel he joined. Jas shares his view on the link between fintech, wealthtech and retail brokers, especially as firms like Revolut, eToro and Trading212 blur long-standing lines in the market.
We also explore what stablecoin adoption might look like for retail investment platforms, including a few product and UX angles that are not obvious at first glance.
To close, Jas explains how he thinks about writing, and how he approaches “shipping” pieces that spark debate across the industry.
