Eris Exchange, the U.S.-based futures exchange offering cash-settled swap futures as an alternative to traditional OTC swaps, has announced that Bloomberg Trade Order Management Solutions (TOMS) now supports Eris Standard Swap Futures. Bloomberg TOMS provides capabilities to manage inventory, risk and P&L for fixed income instruments including swaps and futures.
Sell-side users, specifically regional banks interested in low margin OTC swap alternatives such as Eris, can manage their diverse positions from pre-trade through post-trade natively with Bloomberg TOMS.
Sell-side users of Bloomberg TOMS can deploy Bloomberg compliance tools, market data, execution and third-party downstream systems that incorporate Eris Swap Futures with fixed income products already offered. Broad distribution of Bloomberg TOMS can open up Eris trading and hedging opportunities to hundreds of new counterparties.
"The addition of Eris Standard Swap Futures is a natural evolution for Bloomberg TOMS. This initiative is part of our continuous efforts to add value to our clients by supporting new products on our system," said Robert Friend, Global Head of Sell-side solutions and Research at Bloomberg.