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Article: Reuters and CME to Create FXMarketSpace - The World's First Centrally-Cleared, Global FX Marketplace.
- Article from:
- PR Newswire
- Article date:
- May 4, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Joint Venture to Bring Market Participants a New Choice in Global FX Trading
LONDON and CHICAGO, May 4 /PRNewswire-FirstCall/ -- Reuters, the global information company, and CME, the world's largest and most diverse financial exchange, today announced plans to create FXMarketSpace, the world's first centrally-cleared, global foreign exchange (FX) marketplace, through a new 50/50 joint venture company. The agreement signals the next phase in the evolution of the global FX market.
Through the joint venture, CME and Reuters will pool their expertise in data dissemination, distribution, trade matching and central counterparty clearing services. ...