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Robson: strong endorsement |
FXMarketSpace has announced the second group of institutions that will participate in its Early Adopter Program (EAP). The Chicago Mercantile Exchange now has more than 40 participants signed up on the programme, which it claims demonstrates the widespread acceptance of its centrally cleared market concept.
The players to sign up include Bear Stearns, Deutsche Bank, Calyon Financial, FCStone, Graham Capital Management, Madison Tyler Trading, Nordea, Plenum Fund, Rand Financial Services, Inc and Relativity.
For the moment, many sell-side FX players remain sceptical about FXMarketSpace. And although such operations as FX powerhouse have indicated their support for the platform, there is a sense that they are simply making sure they have a...
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