FXMarketSpace / Reuters

Corporate Headquarters:
The Reuters Building
South Colonnade
Canary Wharf
London
E14 5EP
Telephone: 20-7250-1122
www.reuters.com

CME and Reuters are going to create FXMarketSpace - an innovative organization for trading Forex which complements existing trading mechanisms. Right now market participants consider Forex to be an attractive asset, and banks and others look to proprietary trading groups along with trading systems with set rules to grow revenues.

FXMarketSpace appears to be a brand new trading model - this will be the first time that central counterparty clearing. It is pretty hard to predict its impact but the benefits are expected to be huge.

FXMarketSpace promises to bring to the FX market a potential for deep liquidity, reduced cost of trading through market and operational efficiencies, equal access with full transparency of a central limit order book, and more.

CME and Reuters are currently in the process of finding all requisite regulatory approvals for the formation and operation of the joint venture, and they intend to launch it in the first quarter of 2007.

Founded: 2006
Client Base: Global Banks, Regional/Domestic Banks, Leveraged Funds, Asset Managers
Currencies: 175 Currencies
Language Support: English, German, French, Chinese, Japanese, Italian, Korean & Spanish
Regular Accounts: Yes
Services: Spot, Forward, Stop Loss, Hedge Funds, OTC
Trading Platform: Reuters Dealing 3000 Forward Matching service provides real-time executable prices for 30 currency pairs. Right now this platform is available in over 40 countries. Over 700 banks use this service.