Joseph McGlawn was recently named Head of Clearing at ErisX and plays a strategic role in the clearing and settlement of the firm’s crypto spot and futures markets. We sat down with Joseph to learn more about the unique challenges of clearing digital products, how his background prepared him and how he approaches his role today.
“A colleague of mine in Asia who is very active in the space planted the seed years ago,” said McGlawn about making the jump from traditional finance to crypto. “Over time I read up on various cryptocurrencies and blockchain initiatives being explored for applications…
ErisX, a U.S. based exchange and clearinghouse for crypto, has partnered with Talos, a leading platform for the institutional trading of digital assets, to provide Talos customers with regulated, secure and transparent trading and clearing for cryptocurrencies. Talos clients can now access ErisX’s crypto liquidity via the Talos’ API or GUI.
ErisX is a spot and regulated futures market for digital assets. The ErisX futures market consists of Eris Exchange, a designated contract market (DCM) and Eris Clearing, a derivatives clearing organization (DCO) under the jurisdiction of the Commodity Futures Trading Commission. The ErisX Futures Market supports physically delivered contracts…
“The team at ErisX is unique in that it has capital markets expertise but also an innovative spirit and entrepreneurial mindset,” said Nataliya Manina, ErisX’s new Chief Compliance and Regulatory Officer and Senior Counsel. “I am excited by the opportunity to work with like-minded people and build something new and groundbreaking.”
Nataliya joined ErisX in October 2020 to oversee the compliance and regulatory function at the Exchange and Clearinghouse, and contribute her legal expertise to ErisX’s ambitious commercial efforts. …
ErisX is pleased to announce that our exchange has been integrated into the Kaiko market data platform. Kaiko’s enterprise clients are now able to backtest trading strategies leveraging ErisX’s spot and futures market data as well as perform research and analysis. ErisX trading data and instruments can now be viewed on Kaiko’s Instrument Taxonomy page here.
ErisX provides access to crypto without sacrificing security, transparency or the protection of market surveillance and regulatory oversight. …
ErisX submitted a letter in response to the Department of the Treasury, Financial Crimes Enforcement Network’s (“FinCEN”) Notice of Proposed Rulemaking regarding “Requirements for Certain Transactions Involving Convertible Virtual Currency or Digital Assets” (the “NPRM”). We also support the comment letter submitted by the Chamber of Digital Commerce.
In summary, ErisX supports the important goals of FinCEN in combating money laundering, terrorist financing, and other illicit acts. As evidenced by our voluntary and early adoption of the Commodity Futures Trading Commission’s (CFTC) Core Principles to our spot market (including market and trade practice surveillance) in addition to full implementation of…
ErisX reached many milestones in 2020 toward driving crypto market maturation. Midway through the year we wrote about our accomplishments including the launch of the first U.S. based Ether Futures contract, our Block Trading capabilities, and our New York Virtual Currencies License (BitLicense), among other noteworthy milestones. Below we recap the full year including a slate of announcements from this month and a preview of what’s to come in 2021.
ErisX’s Progress on Market Volumes
ErisX launched a crypto spot market in April of 2019 and its futures exchange and clearinghouse in December of 2019. ErisX’s investors include a number…
ErisX is pleased to announce that today we filed a product self-certification to introduce fully-collateralized, financially settled sporting event-based futures contracts in collaboration with RSBIX. This is ErisX’s first strategic collaboration to provide listing and clearing services enabled by our recent DCO order amendment permitting us to clear derivatives on any commodity.
The sporting event based futures contracts were designed to specifically meet the hedging needs of commercial market participants. Trading will be accessible only to eligible contract participants such as state-licensed sportsbooks, vendors and stadium owners with a demonstrated need to hedge financial exposure associated with their commercial business…
New York and Chicago, 8 December 2020 — ErisX, a leading platform to access crypto spot and futures markets, has partnered with TradeBlock, the world’s leading provider of digital currency trading tools, analytics, and indexes, to publish its spot market data. ErisX trading activity can now be viewed on TradeBlock’s Markets page here.
“It is critical for market participants to have access to high quality consolidated market data for price discovery and liquidity sourcing. We are thrilled to make our quote and trade data available through TradeBlock’s suite of institutionally-focused tools and analytics,” said Thomas Chippas, CEO of ErisX.
“We’re…
ErisX is excited to introduce a suite of bounded futures contracts that provide an innovative approach to fully funded contracts and efficiently enable short positions in crypto futures. Bounded futures are cash-collateralized and protect position holders against large price movements in the underlying. Depending upon the difference between the trade price and a contract’s boundary, the capital required may be lower than other crypto futures contracts. These contracts are collateralized and settled in cash allowing members to gain exposure to this asset class who may otherwise be restricted from directly holding crypto assets.
Come trade at the only U.S. based crypto exchange that offers spot and futures markets on one, cost-efficient platform! As pioneers in the crypto derivatives space, we are the only U.S. based exchange that enables individual members to trade futures on $BTC and $ETH. Access crypto market price transparency and liquidity without sacrificing security or performance.
In our continuing efforts to enhance our offering we are excited to announce an upgrade of our trading interface. Based on customer feedback, we developed a simple to navigate interface and made it easy to place and manage orders. Our new platform is also…
ErisX Insights
Improving the digital asset trading and investing experience.
