The following is from the CFTC...
Washington, DC – The Commodity Futures Trading Commission (CFTC) on Friday, October 28, 2011, approved the application of Eris Exchange, LLC (“Eris”) for designation as a contract market. Eris is organized as a Delaware limited liability company and is a wholly-owned subsidiary of Eris Exchange Holdings, LLC (“Eris Holdings”).
Eris will list for trading interest rate swap futures contracts.
Clearing services for Eris will be provided by CME Clearing House. Regulatory services for Eris will be performed by the National Futures Association.