TD Ameritrade announces strategic investments in ErisX

Posted 03 October, 2018

On October 3, TD Ameritrade Holding Corporation, the US-based brokerage company, has announced a strategic investment in the regulated derivative trading platform and clearing company – ErisX. 

“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,” noted Steve Quirk, executive vice president of Trading & Education at TD Ameritrade explaining this step in the press release.

At present, TD Ameritrade offers trading bitcoin futures over the CBOE Futures Exchange, while the partnership with ErisX will open doors to other crypto futures, including Ethereum and Litecoin.

CEO ErisX Thomas Chippas stated they are happy to such business cooperation seeing TD Ameritrade as an "innovative, forward-thinking company".

According to the report, ErisX intends to offer crypto spot contracts in H1 2019, while physically settled futures may be put into action later given the need for corresponding approvals.

TD Ameritrade has not commented on the amount of the funding, though it comes along with other investors like Virtu Financial Inc, Cboe Global Markets Inc and Digital Currency Group.

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