Cboe Global Markets company, ErisX, recently unveiled its newest solution, the ErisX Settlement Service, to help remove settlement risks related to over-the-counter crypto transactions, according to a press release.
"The ErisX marketplace was conceived from building blocks used in the traditional financial markets. Our newly launched ErisX Settlement Service responds to customer demand for a solution that helps remove settlement risk while also reducing the operational burden for OTC trading," COO of ErisX, Matthew Trudeau, said. "We look forward to welcoming new investors to our crypto markets with an efficient and effective solution for clearing and settlement.”
The settlement service is intended to help institutional investors expand their resources and settle OTC trades with ErisX colleagues using a “transparent U.S. licensed crypto spot market.”
The new offering is accessible through standardized API or ErisX's fully integrated Trading User Interface. ErisX’s trading product and solutions catalog, spanning various asset classes, including equities, derivatives and FX, has now expanded across North America, Europe and Asia Pacific.