ErisX will sell derivatives, provide clearing house services, and trade equity futures and spot contracts.
The exchange was funded by traditional capital markets investors and cryptocurrency investors, including DRW Venture Capital, Partners Valor Equity, TD Ameritrade (AMTD), Virtu Financial (VIRT), NEX Opportunities, Cboe Global Markets (CBOE), CTC Group Investments, Digital Currency Group, Nico Trading, Pantera Capital and Third Stone Partners, among others.
ErisX promises to provide a regulated, transparent and secure digital asset marketplace with a robust centralized exchange infrastructure. The CEO of the exchange will be Thomas Chippas, the former head of one of the departments of Citi Bank. He said:
The completion of the funding will help us launch trading of new products faster, and combining our knowledge and experience with exchange infrastructure will provide market participants with the benefits of the most advanced trading mechanisms on a reliable and transparent platform.
Each of the investors brings unique experience and contributions to the project from the world of traditional financial and emerging digital assets. ErisX's founders and investors say they will remove many of the barriers to institutional adoption by bringing new entrants into the market. One of them, Tim Hockey, President and CEO of TD Ameritrade Holding Corporation, said:
We as investors look forward to advancing our innovative goals by working with a CFTC-regulated exchange that will trade digital asset futures and spot contracts on a single platform.
“To function effectively, financial markets must demonstrate security and compliance requirements, two of the most important criteria for modern digital asset markets. We have developed a platform to provide a robust yet revolutionary experience that will be more efficient and attract more participants,” said Antonio Gracias, Founder and Managing Partner of Valor Equity Partners
According to https://www.bakersfield.com
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