ICE extends Eris agreement
March 13, 2019

 Intercontinental Exchange, Inc, a leading operator of global exchanges and clearing houses and provider of data and listings services, has today announced that it has extended its global product licensing agreement with Eris Innovations, an intellectual property licensing company that partners with global exchanges to design futures products based on its patented Eris Methodology.

In conjunction with the extension, ICE Futures Europe plans to amend its existing Eris GBP LIBOR Interest Rate Future and Eris EURIBOR® Interest Rate Future contracts to reflect changes to the pricing methodology at Eris.

It says the contracts will be quoted and traded in futures price terms, instead of net present value, making it easier for the contracts to be integrated into order management, trade execution and risk management systems. This change will occur in the third quarter of 2019, subject to the completion of relevant regulatory processes.

"As the home of UK and European interest rates futures, ICE offers the broadest suite of highly liquid, cost-effective and margin-efficient tools for managing Sterling and European interest rate risk," said Chris Rhodes, Global Head of Financial Derivatives at ICE Futures. "Extending the partnership with Eris Innovations will further support ICE in helping its clients seek capital-efficient ways to transfer interest rate risk."





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 Intercontinental Exchange, Inc, a leading operator of global exchanges and clearing houses and provider of data and listings services, has today announced that it has extended its global product licensing agreement with Eris Innovations, an intellectual property licensing company that partners with global exchanges to design futures products based on its patented Eris Methodology.

In conjunction with the extension, ICE Futures Europe plans to amend its existing Eris GBP LIBOR Interest Rate Future and Eris EURIBOR® Interest Rate Future contracts to reflect changes to the pricing methodology at Eris.

It says the contracts will be quoted and traded in futures price terms, instead of net present value, making it easier for the contracts to be integrated into order management, trade execution and risk management systems. This change will occur in the third quarter of 2019, subject to the completion of relevant regulatory processes.

"As the home of UK and European interest rates futures, ICE offers the broadest suite of highly liquid, cost-effective and margin-efficient tools for managing Sterling and European interest rate risk," said Chris Rhodes, Global Head of Financial Derivatives at ICE Futures. "Extending the partnership with Eris Innovations will further support ICE in helping its clients seek capital-efficient ways to transfer interest rate risk."



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