UPDATE: CME and Thomson Reuters confirm closure of FXMarketSpace
October 10, 2008
Few players in FX are surprised that the CME has apparently decided to pull its support from FXMarketSpace – exclusively revealed by theweeklyFiX this week but which the exchange has yet to confirm – given that it has always struggled to attract activity.
At the time the joint venture was announced in May 2006, the exchange and its joint-venture partner Reuters (now Thomson Reuters) detailed the financial implications of what they termed, “the next phase in the evolution of the global FX market.
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