Eris Exchange Announces Head Of Product Development

Press Release

NEW YORK - April 18, 2011 - Eris Exchange announced today that Kevin Wolf has joined the company as a Managing Director and Head of Product Development. Mr. Wolf brings to Eris Exchange more than 10 years of experience working with end users of interest rate swaps. Most recently, Mr. Wolf served as a Managing Director at Bank of America Merrill Lynch where he was a senior member of the derivatives origination team. In that capacity, Mr. Wolf partnered closely with a variety of end users on issues related to risk identification and measurement, application of hedge accounting rules, counterparty risk management, documentation and optimal hedge design. Prior to joining Bank of America, he held senior positions in derivatives origination and debt capital markets at Lehman Brothers. He earned dual Bachelor degrees from the University of Pennsylvania and an MBA from Columbia Business School.

"We are excited to have Kevin join the Eris Exchange management team, as he adds a deep understanding of interest rate swap products and the needs of buy side clients in the interest rate swap market," said Neal Brady, CEO of Eris Exchange. "He brings valuable expertise to the exchange as we continue to refine our offering to meet the needs of interest rate swap derivative users seeking to comply with the impending Dodd-Frank mandates."

Mr. Wolf will join Christopher Rodriguez, Chief Sales and Corporate Development Officer, to form the core of the front-office and market development efforts in the growing Eris Exchange New York office.

Eris Exchange is a futures exchange (an Exempt Board of Trade) subject to CFTC jurisdiction. Formed by a group of leading futures market participants to increase access to traditional OTC markets that are migrating to centrally-cleared trading venues, Eris Exchange has traded more than $25 billion in notional value of Eris Interest Rate Swap Futures since the first trade in August 2010. Eris Exchange contracts are cleared by CME Clearing, a leading derivatives clearing house. For more information, visit the Eris Exchange web site at www.erisfutures.com.

Media Contact - Eris Exchange
Christopher Rodriguez
212 561 5472
Christopher.Rodriguez@erisfutures.com
311 South Wacker Drive, Suite 950
Chicago, IL 60606
office 312-626-2680
www.erisfutures.com