Eris Exchange Taps IPC's Connexus Extranet

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IPC is headquartered in Jersey City, just west of Manhattan.

Trading communications technology provider IPC Systems says it will add Chicago-based Eris Exchange to its Connexus financial extranet service.

Eris, which specializes in interest rate swaps (IRS) and other futures products cleared through the CME, will tap Connexus to provide a secure and flexible connection to a wide range of market participants for its Swapbook electronic trading platform.

"We welcome Eris Exchange to our global community of capital market participants. As electronic trading in interest rate and credit default swaps continues to flourish, having venues such as Eris Exchange as a destination on Connexus provides traders with the flexibility required to trade rapidly growing asset classes," says Joe Pickel, vice president of network services product management at IPC.

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