The retail brokerage firm, TD Ameritrade, is investing in ErisX, a new cryptocurrency exchange.

ErisX, a fully regulated derivatives exchange (DCM) and clearing organization (DCO) will launch digital asset futures and spot contracts on one platform. This platform will allow users to exchange investment products like Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH) and Litecoin (LTC) on a stable capital markets technology infrastructure.

According to the October 3rd press release, TD Ameritrade’s executive vice president of Trading & Education, Steve Quirk said: “Our retail clients are seeking to access and trade digital currency products in the same way they do with traditional capital markets – through a legitimate, regulated and transparent exchange. That’s precisely why we chose to invest in ErisX – to make digital currency products more accessible to retail clients.”

TD Ameritrade currently provides investment services to up to 11 million customers totaling more than $1.2 trillion in assets and makes an average of 780,000 trades per day.

"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," says Thomas Chippas, CEO of ErisX and former head of global quantitative execution at Citi.

“Closing this round of funding enables us to accelerate investments in the platform and our team,” says Chippas in an ErisX press release. “Leveraging our heritage and experience with exchange infrastructure, our market participants will benefit from modern trading tools on a fair and transparent platform. ErisX’s enhanced experience will provide the opportunity for new participants to enter the digital asset market and existing participants a superior venue for their execution and clearing needs.”

In addition to TD Ameritrade, ErisX is also backed by a number of other brokerage firms on the New York Stock Exchange such as DRW Venture Capital, Valor Equity Partners, Virtu Financial, NEX Opportunities, Cboe Global Markets, CTC Group Investments, Digital Currency Group and many more.