Digital futures exchange ErisX secures TD Ameritrade investment

ErisX, a new regulated cryptocurrency exchange for spot and futures trading, has secured an undisclosed investment from TD Ameritrade, the US-based online broker.

ErisX is a derivatives exchange and clearing organisation that plans to offer traders access to cryptocurrency spot contracts and futures contracts on a single exchange.

Steve Quirk, Executive Vice President of Trading and Education at TD Ameritrade, says the broker’s retail clients are seeking to access and trade digital currency products in the same way as they do traditional capital markets – namely, through a regulated and transparent exchange.

“That’s precisely why we chose to invest in ErisX – to make digital currency products more accessible to retail clients,” he says.

TD Ameritrade will work with the team at ErisX as it develops and launches digital currency products for retail investors. “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,” comments Thomas Chippas, CEO of ErisX.

TD Ameritrade was the first brokerage to enable stock trading over the touch-tone phone, the internet and via mobile devices. It has also leveraged artificial intelligence to offer trading via an automated agent.

The broker’s clients can already trade Bitcoin futures over the CBOE Futures Exchange.