FX Market round-up: FXMS jumps ball
FXMarketSpace (FXMS) announced a fresh initiative to try to attract some liquidity on to its screens when it unveiled its so-called JumpBall strategy. The JumpBall scheme intends to reward institutions that deal on the platform. FXMS says it is open to bank and non-bank participants and that it will reward the 16 most active traders from January 15 2008 until September 30. Those who qualify will then receive a share of FXMS’s profits for up to four years.
Is this news to you? This information was originally reported by The weeklyFiX, Euromoney’s online news service for the FX markets.
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