CME and Thomson Reuters dump FXMarketSpace JV

CME Group and Thomson Reuters are closing FXMarketSpace, the centrally-cleared foreign exchange marketplace established last year, after the venture failed to attract the liquidity levels expected. Finexpo - Execution Management, London 16 October This one-day conference brings together heads of dealing, institutional investors and execution venues for a 'state of the nation' debate about the future of trading in European markets. Find out more! In a statement the firms say all trading on the FX MarketSpace platform will be suspended at the close of business on 17 October. The partners launched the 50:50 joint venture in March 2007, with Reuters providing trading access, trade notification and market data distribution and CME offering clearing and trade matching services. At launch it was expected that FXMarketSpace would... [read full story]