Chicago Mercantile Exchange (CME) and Reuters eventually
launched FX MarketSpace on 26 March, marking the exchange's
first foray into the cash FX market.
The market, offered on Globex and Reuters Dealing 3000
terminals, makes the CME's central clearing facility available
for OTC FX trades.
Exchange officials declined to provide any volume figures
over its first few days but said that the market had started
solidly in terms of attracting and connecting relevant
FX MarketSpace has 12 clearing prime brokers connected, with
another eight scheduled to go live over the next two months,
according to CME. The market now has 76 customers and boasts
some impressive names in the OTC FX space such as ABN Amro,
Bank of America, Barclays, Bear Stearns, Calyon Financial,
Citigroup, Credit Suisse, Deutsche Bank, JP Morgan, RBS,
Societe Generale and UBS.
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