Sapient Global Markets to Provide Faster Time to Market and Assist Regulatory Compliance for Eris Exchange Customers

  Sapient Global Markets to Provide Faster Time to Market and Assist
  Regulatory Compliance for Eris Exchange Customers

  Sapient Global Markets Receives Eris Exchange Implementation Certification

Business Wire

BOSTON -- December 11, 2012

Sapient Global Markets has today announced its certification under the Eris
Certified Implementation Partner Program. With firms looking for new ways to
bring OTC products to market in response to regulatory mandates including
Dodd-Frank, Sapient Global Markets will utilize its deep derivative industry
expertise to help market participants quickly and efficiently convert existing
and new OTC interest rate swap products to the clearinghouse model.

Under the agreement, Sapient Global Markets will provide client training,
program management and technology expertise including integration of clearing
and trading systems as well as support for other technology solutions, to help
firms take advantage of the Eris Exchange Interest Rate Swap Futures market.
Eris Exchange, a U.S. based futures exchange, embeds the cash flows of OTC
interest rate swaps into a capital-efficient futures product cleared by CME
Clearing and settled to the CME OTC IRS swap curve. It allows contracts to be
traded as though in an OTC environment while integrating into existing futures
clearing and back-office systems, assisting with regulatory compliance and
enabling faster time to market.

Neal Brady, CEO of Eris Exchange, said, “Eris Exchange brings safety,
transparency and liquidity to the interest rate swaps marketplace by
operationalizing and simplifying the new regulations around OTC swap and
derivative clearing. Sapient Global Markets’ domain and technology expertise
makes it highly qualified to help sell-side banks and trading firms take full
advantage of the transparency and capital efficiency of Eris Exchange

“Our unique understanding of derivative clearing environments, changing
regulations and the Eris Exchange product gives us the ability to ensure
firms’ clearing strategies are efficient, transparent and compliant under new
laws slated to become effective March 11, 2013,” says Jim Bennett, managing
director at Sapient Global Markets. “Sapient Global Markets is distinctively
positioned to help Eris Exchange clients develop and implement their business
and technology strategies to achieve faster time to market and reduce the risk
and complexity of ongoing regulatory and market change.”

About Eris Exchange:

Eris Exchange is a futures exchange (Designated Contract Market) regulated by
the CFTC. Its U.S. Dollar-denominated Eris Exchange Interest Rate Swap Futures
contract clears at CME Clearing, embeds the cash flows of an OTC interest rate
swap, and provides significant capital savings to clients through portfolio
margining with CME Eurodollars and Treasury futures positions. For more
information, visit

About Sapient Global Markets:

Sapient Global Markets, a division of Sapient® (NASDAQ: SAPE), is a leading
provider of services to today’s evolving financial and commodity markets. We
provide a full range of capabilities to help our clients grow and enhance
their businesses, create robust and transparent infrastructure, manage
operating costs, and foster innovation throughout their organizations. We
offer services across Advisory, Analytics, Technology, and Process, as well as
unique methodologies in program management, technology development, and
process outsourcing. Sapient Global Markets operates in key financial and
commodity centers worldwide, including Boston, Chicago, Houston, New York,
Calgary, Toronto, London, Amsterdam, Düsseldorf, Geneva, Munich, Zurich, and
Singapore, as well as in large technology development and operations
outsourcing centers in Bangalore, Delhi, and Noida, India. For more
information, visit

Sapient is a registered service mark of Sapient Corporation.


Sapient Global Markets
Clare Anderson, +44 20 7953 3516
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