Perseus Rolling Out Global Trading Access and Risk Compliance for Eris Exchange

Perseus Telecom reported that trading access and time verification is now available for Eris Exchange Swap Futures accessible at Equinix data centres in Chicago, London and Tokyo.

According to a release from the company, Eris Exchange is an open access futures exchange for interest rate risk management, and offers forward starting and spot starting interest rate swap futures contracts.

Perseus said Eris Exchange provides the flexibility of over-the- counter interest rate swaps in a futures construct with the risk mitigation of CME Clearing. By using the Perseus Market-to-Market Network trading, participants will enjoy extremely fast, reliable and secure connectivity to the Eris SwapBook electronic trading platform.

"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." said Dr. Jock Percy, Chief Executive of Perseus Telecom. "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."

Perseus is a private global high precision network provider for financial trading, gaming, e-commerce and multi- media.

Eris Exchange is a futures exchange registered as a Designated Contract Market with the Commodity Futures Trading Commission.

More information and complete details:

www.erisfutures.com

http://perseustelecom.com

((Comments on this story may be sent to newsdesk@closeupmedia.com))