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Reuters and CME complete FXMarketSpace formation

21 July 2006  |  2247 views  |  0 Source: Reuters

Reuters (NASDAQ:RTRSY; LSE:RTR), the global information company, and CME (NYSE:CME; NASDAQ:CME), the world's largest and most diverse financial exchange, today announced that they have completed the formation of their previously announced 50/50 joint venture FXMarketSpace.

The launch of FXMarketSpace's trading platform, expected in Q1 2007, will create the world's first centrally-cleared, foreign exchange marketplace. Certain FXMarketSpace activities will be subject to regulatory approval of the UK Financial Services Authority, which is expected in early 2007.

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