Cboe Global Markets, Inc., US12503M1080

Cboe Global Markets, Inc., US12503M1080

21.09.2022 - 15:40:42

EQS-News: Hacking, Fake Volume And Market Manipulation - The Issues In Crypto Trading And How One Company Is Helping Combat Them

of Eris Digital Holdings or ErisX, Cboe Global Markets Inc. (BATS: CBOE) has formalized a commitment to filling the trust gap and bringing the intermediaries that serve ordinary people to the platform to enable their customers to trade confidently.

ErisX is a U.S-based digital asset spot market, a regulated futures exchange and a clearinghouse. Among the firm?s central beliefs is faith in the power of appropriate regulation, surveillance and monitoring practices to rid cryptocurrencies ? and their traders ? of market fraud and manipulation.

ErisX Insights claims that centralized exchanges provide a far more secure way to trade in cryptocurrency than their decentralized counterparts.

The company writes, ?As a centralized exchange, ErisX leverages a matching engine that will prevent ?front-running? and operates a market surveillance program to thwart malfeasance. While market participants on decentralized exchanges may experience the type of market manipulation described [above] ?, they will not find it on ErisX.?

To combat sophisticated market manipulation practices, ErisX champions the use of a blend of adaptive tools and an experienced market surveillance team. ?Eventus tools allow us to deploy the processes necessary to enable these principles while paving the way for the inevitable market maturation and growth that we will see in the future,? writes ErisX.

By being subjected to regulatory oversight by authorities like the Commodities Futures Trading Commission and the New York Department of Financial Services, ErisX believes its platform holds a security standard that its decentralized counterparts cannot replicate and that only through this path can cryptocurrency finally be rid of unethical practices.

For traders curious or doubtful about ErisX?s quest for regulation, the company is holding a panel discussion on Sept. 20. Click here to stay informed.

This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

ErisX Futures are offered through Eris Exchange, LLC, a Commodity Futures Trading Commission (CFTC) registered Designated Contract Market (DCM) and Eris Clearing, LLC, a registered Derivatives Clearing Organization (DCO). The CFTC does not have regulatory oversight authority over virtual currency products including spot market trading of virtual currencies. ErisX Spot Market is not licensed, approved or registered with the CFTC and transactions on the ErisX Spot Market are not subject to CFTC rules, regulations or regulatory oversight. ErisX Spot Market may be subject to certain state licensing requirements and operates in NY pursuant to Eris Clearing?s license to engage in virtual currency business activity by the New York State Department of Financial Services.

Contact Details

Michele Ormont

mormont@cboe.com

Company Website

https://www.cboe.com/

News Source: News Direct

21.09.2022 CET/CEST Dissemination of a Corporate News, transmitted by EQS - a service of EQS Group AG.The issuer is solely responsible for the content of this announcement.The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.Archive at www.eqs-news.com

Language: English Company: Cboe Global Markets, Inc.

United States ISIN: US12503M1080 EQS News ID: 1447621 ? End of News EQS News Service

1447621??21.09.2022?CET/CEST

@ dgap.de