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Article: Reuters and CME to Create FXMarketSpace-The World's First Centrally-Cleared, Global FX Marketplace; Joint Venture to Bring Market Participants a New Choice in Global FX Trading.
- Article from:
- M2 Presswire
- Article date:
- May 4, 2006
CopyrightCOPYRIGHT 2006 Normans Media Ltd. 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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M2 PRESSWIRE-4 May 2006-Chicago Mercantile Exchange: Reuters and CME to Create FXMarketSpace-The World's First Centrally-Cleared, Global FX Marketplace; Joint Venture to Bring Market Participants a New Choice in Global FX Trading(C)1994-2006 M2 COMMUNICATIONS LTD
RDATE:04052006
London and Chicago - 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.