Sapient Approved as Eris Training Partner
![jim-bennett jim-bennett](/sites/default/files/styles/landscape_750_463/public/import/IMG/837/146837/jim-bennett-580x358.jpg.webp?itok=E75JFajl)
Under the agreement, Sapient Global Markets will provide client training, program management and technology expertise, including integration of clearing and trading systems, to help firms take advantage of the Eris Exchange interest rate swap futures market. Eris 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.
"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," says Neal Brady, CEO of Eris Exchange.
"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.
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