ErisX Launches Crypto OTC Settlement Solution
Posted by Colin Lambert. Last updated: September 8, 2022
Cboe’s ErisX has unveiled ErisX Settlement Service, a new solution designed to help remove settlement risk for OTC crypto transactions.
The group says the new offering expands ErisX’s suite of tools for institutional investors, enabling them to settle OTC trades with other ErisX customers using a transparent US licensed crypto spot market. The new service can be accessed via standardised API or ErisX’s fully integrated trading user interface.
“The ErisX marketplace was conceived from building blocks used in the traditional financial markets,” says Matthew Trudeau, COO of ErisX. “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. We look forward to welcoming new investors to our crypto markets with an efficient and effective solution for clearing and settlement.”