UPDATE: CME and Thomson Reuters confirm closure of FXMarketSpace
October 10, 2008
Well-placed sources have told The weeklyFiX that the CME has decided to end its involvement in FXMarketSpace (FXMS), the 50/50 joint venture it launched with Reuters, now Thomson Reuters, in March 2007. The decision was taken at a board meeting held in Chicago yesterday. So far, the exchange has not issued any official comment.
At this stage, it is not clear what Thomson Reuters’ reaction will be or how FXMS will continue to operate without CME’s clearing and trading platform.
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