Savvis said it added low-latency connections to an “open access’’ exchange for interest-rate swap futures.
The data center operator owned by CenturyLink said it began providing access to the Eris Exchange, an electronic platform for trading in interest-rate futures.
Eris Exchange provides forward starting and spot starting interest-rate swap futures contracts, cleared by CME Clearing.
Trading firms access the exchange via the Eris SwapBook electronic trading platform or the Eris BlockBox trade reporting portal. Eris’ futures contracts on interest-rate swaps combine features of over-the-counter swaps with the ease of futures processing.
Co-location with Eris Exchange's trading infrastructure is available in Savvis' NJ3 data center in Piscataway, N.J., and CH4 facility in Chicago.
Alternatively, connections are available across Savvis' global network from NJ3 to other data centers.
Tom Steinert-Threlkeld writes for Securities Technology Monitor.
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