Reuters and CME complete FXMarketSpace formation
21 July 2006 | 2234 views | 0
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.