Clients of the ErisX crypto exchange, backed by investing powerhouse TD Ameritrade, will now have access to real-time market data through a partnership with institutional trading platform Etale.
ErisX customers will also be able to initiate orders and check their account balances through Etale, the firm announced today.
“We are thrilled to be working with ErisX and believe they are setting the bar for traders and investors in the digital asset space,” Etale CEO Matthew Cushman said in a statement. “Their familiar infrastructure for institutional investors, unified platform for spot and regulated futures, as well as state and federal licenses help protect market integrity.”
TD Ameritrade-backed ErisX plans to launch Bitcoin futures tomorrow
ErisX, the crypto trading platform backed by brokerage house TD Ameritrade, is planning to launch bitcoin futures trading tomorrow. The New York-based company sent an alert to investors and traders informing them about the launch. Not much detail is known about the futures products on offer, except for the fact that they will be physically delivered. ErisX plans to tap the market for regulated crypto products in an industry that has gained a reputation as something of a Wild West. In an earlie...
With financial support coming from the likes of CME Ventures and the Digital Currency Group (DCG), ErisX has made a name for itself in the crypto industry. Last December, the company announced it would begin offering physically delivered Bitcoin futures to its customers. These products are offered through Eris Exchange, LLC, a division of the company registered with the Commodity Futures Trading Commission (CFTC).
The firm also said it was planning to grant easier access to cryptocrypto for its clients down the line by integrating with GMI, an accounting system for derivatives.
It makes sense, then, that ErisX would join up with a company like Etale, which similarly targets the institutional crypto crowd by providing market data and accounting services.
“We want to align the ErisX platform with best-in-class technology providers who will enhance the trading experience for our members,” explained the company’s head of product Ian Grieves in the release.
ErisX currently offers a live spot market for BitcoinBitcoin, Bitcoin Cash, EthereumEthereum and Litecoin, and the firm has said that it plans to add more futures products to its platform in 2020.
