Morgan Stanley MS and Eris Exchange announced today that Morgan
Stanley plans to make a strategic equity investment in Eris, a U.S. futures
exchange that offers Interest Rate Swap Futures. Morgan Stanley also plans to
participate on the exchange as a provider of liquidity and clearing services.
Financial details were not disclosed.
As part of the arrangement, which is expected to close in early 2013, Morgan
Stanley will join the board of directors of the exchange holding company.
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