TD Ameritrade Invests in ErisX, a New Regulated Cryptocurrency Exchange for Spot and Futures Trading
October 03 2018 - 8:15AM
Business Wire
After being among the first financial services firms to offer
approved clients with access to bitcoin futures contracts last
year, TD Ameritrade Holding Corporation (Nasdaq: AMTD) announced
today it has made a strategic investment in ErisX, a regulated
derivatives exchange and clearing organization that will include
digital asset futures and spot contracts on one platform.
“Our retail clients are seeking to access and trade digital
currency products in the same way they do with traditional capital
markets – through a legitimate, regulated and transparent
exchange,” said Steve Quirk, executive vice president of Trading
& Education at TD Ameritrade. “That’s precisely why we chose to
invest in ErisX – to make digital currency products more accessible
to retail clients.”
“As a strategic investor in the initiative, we look forward to
working with the team at ErisX as they develop and launch digital
currency products designed to fulfill the needs of retail
investors,” said JB Mackenzie, managing director Futures &
Forex at TD Ameritrade. “ErisX’s plan is to offer traders access to
cryptocurrency spot contracts as well as futures contracts on a
single exchange.”
"TD Ameritrade is an innovative, forward-thinking firm and we
are thrilled to join with them to deliver their clients access to
the secure and transparent ErisX digital asset market," said Thomas
Chippas, CEO of ErisX.
TD Ameritrade has a proud history of innovation dating back to
its founding in 1975 that includes being the first to enable stock
trading over the touch-tone phone, the first to offer trading over
the Internet, the first to offer mobile device trading, and – most
recently – the first to leverage artificial intelligence to offer
trading via an automated agent.1
About TD Ameritrade Holding CorporationTD Ameritrade
provides investing services and education to more than 11 million
client accounts totaling more than $1.2 trillion in assets, and
custodial services to more than 6,000 registered investment
advisors. We are a leader in U.S. retail trading, executing an
average of more than 780,000 trades per day for our clients, more
than a quarter of which come from mobile devices. We have a proud
history of innovation, dating back to our start in 1975, and today
our team of nearly 10,000-strong is committed to carrying it
forward. Together, we are leveraging the latest in cutting edge
technologies and one-on-one client care to transform lives, and
investing, for the better. Learn more by visiting TD Ameritrade’s
newsroom at www.amtd.com, or read our stories at Fresh
Accounts.
About ErisXWith in-depth experience delivering and
operating a fully regulated market place, ErisX has entered into
the digital asset space with a broad offering of both spot and
futures contracts on one platform. ErisX has integrated digital
asset products and technology into reliable, compliant and robust
capital markets workflows. With a regulated, liquid and accessible
offering, ErisX enhances the digital asset space for institutional
and individual traders alike. Certain aspects of this offering are
subject to regulatory approval. ErisX, Eris Exchange, and the ErisX
and Eris Exchange logos are trademarks of the Eris Exchange group
of companies. For more information please visit www.erisx.com
Futures trading services provided by TD Ameritrade Futures &
Forex LLC. Trading privileges subject to review and approval. Not
all clients will qualify.
Third party firms mentioned above are separate from and not
affiliated with TD Ameritrade, which is not responsible for their
services or policies.
1Sources: TD Ameritrade
https://www.amtd.com/inside-td-ameritrade/our-history/default.aspx
and
https://www.amtd.com/newsroom/press-releases/press-release-details/2017/TD-Ameritrade-Enables-Trading-Through-Messenger/default.aspx
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version on businesswire.com: https://www.businesswire.com/news/home/20181003005142/en/
TD Ameritrade Holding CorporationBecky Niiya,
402-574-6652Corporate
Communicationsrebecca.niiya@tdameritrade.com@TDAmeritradePRorJeff
Goeser, 402-597-8464Investor
Relationsjeffrey.goeser@tdameritrade.com
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