This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Sapient Global Markets To Provide Faster Time To Market And Assist Regulatory Compliance For Eris Exchange Customers

Sapient Global Markets has today announced its certification under the Eris Certified Implementation Partner Program. With firms looking for new ways to bring OTC products to market in response to regulatory mandates including Dodd-Frank, Sapient Global Markets will utilize its deep derivative industry expertise to help market participants quickly and efficiently convert existing and new OTC interest rate swap products to the clearinghouse model.

Under the agreement, Sapient Global Markets will provide client training, program management and technology expertise including integration of clearing and trading systems as well as support for other technology solutions, to help firms take advantage of the Eris Exchange Interest Rate Swap Futures market. Eris Exchange, a U.S. based futures exchange, embeds the cash flows of OTC interest rate swaps into a capital-efficient futures product cleared by CME Clearing and settled to the CME OTC IRS swap curve. It allows contracts to be traded as though in an OTC environment while integrating into existing futures clearing and back-office systems, assisting with regulatory compliance and enabling faster time to market.

Neal Brady, CEO of Eris Exchange, said, “Eris Exchange brings safety, transparency and liquidity to the interest rate swaps marketplace by operationalizing and simplifying the new regulations around OTC swap and derivative clearing. Sapient Global Markets’ domain and technology expertise makes it highly qualified to help sell-side banks and trading firms take full advantage of the transparency and capital efficiency of Eris Exchange products.”

“Our unique understanding of derivative clearing environments, changing regulations and the Eris Exchange product gives us the ability to ensure firms’ clearing strategies are efficient, transparent and compliant under new laws slated to become effective March 11, 2013,” says Jim Bennett, managing director at Sapient Global Markets. “Sapient Global Markets is distinctively positioned to help Eris Exchange clients develop and implement their business and technology strategies to achieve faster time to market and reduce the risk and complexity of ongoing regulatory and market change.”

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,661.39 -218.97 -1.30%
S&P 500 1,942.67 -27.40 -1.39%
NASDAQ 4,392.1950 -70.7070 -1.58%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs