Chicago Mercantile Exchange (CME) announced a flurry of
foreign exchange related moves last week including a deal with
Reuters to post CME fx futures products on Reuters' fx trading
system, Trading 3000.
CME called the deal the "first major linkage of sell side
traders in the interbank fx market to CME e-fx futures
markets". In offering CME's e-fx futures on Reuters, the
exchange expands its distribution of its forex products on one
of the major interbank networks. Reuters, meanwhile, can now
offer spot, forwards and futures to 3,500 institutions in 123
countries. The service is planned for the fourth quarter,
beginning in London and spreading out to other markets in
Europe, Asia and North America.
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