Clearing Services

From the ground up, ErisX has built an offering specifically to advance institutional development in the digital asset space including;

  • Multiple Accounts and Sub Accounts for individual clients
  • Account activity in CSV On Demand via Client Portal and End of Day via Secure File Transfer
  • Daily and Monthly Statement to stay compliant with U.S. federal and state-level regulations
  • Internal Multi-Level Approvals for Withdrawals



Our clearing services also include Direct Exchange drop copy processes for independent verification of trades through a robust, industry-standard API and the ability for technology providers (with member permission) to route on behalf of member orders via a single FIX session.

Collateral Custodians

ErisX accepts US Dollars and cryptocurrency for purposes of margining both its spot and futures contracts. Below are the custodians at which the relevant collateral will be held when it is posted to Eris Clearing:

Custodian
US Dollars
Bitcoin
Ethereum
Bitcoin Cash
Litecoin
BMO Harris Bank, N.A.
X
--
--
--
--
BitGo Trust Company
--
X
X
X
X

Accepted Collateral

The below collateral may be accepted to cover purchases of futures contracts:

Asset Class Description
Cash US Dollars
Bitcoin Bitcoin

Deposits & Withdrawals

Blockchain

Deposits

ErisX does not charge fees for processing deposits of digital assets, but blockchain fees charged by the relevant network may reduce the amount of digital assets received in your account at ErisX when you make a deposit.

Withdrawals

Waived. ErisX will pay all blockchain fees charged by the relevant network.

FIAT

ErisX only accepts wire transfers. ErisX charges $15.00 to process a wire transfer. Executing Brokers and Market Makers are not charged any fees to process wire transfers.

Asset Movement Hours

ErisX offers same day movement of assets when the request is received between the following hours.* All other requests will be performed on a best effort or trade date plus one basis.

Asset Type Start Time End Time
United States Dollars 7:00 15:30
Digital Currency 7:00 18:30

* All above hours are based on CT Monday through Friday

Codes

Product ErisX Symbol ErisX Clearing Code CFTC Code
BTC BTC BTC BTC