The centrally-cleared foreign exchange marketplace established last year failed to attract the liquidity levels expected.
CME Group and Thomson Reuters will close FXMarketSpace, a centrally-cleared foreign exchange marketplace established last year, after the venture failed to attract the liquidity levels expected. All trading on the platform will be suspended at the close of business on 17 October, 2008.
During the coming months, CME Group and Thomson Reuters will work closely with FXMarketSpace to ensure an orderly wind down of existing business operations, the companies say.
CME Group and Thomson Reuters remain committed to offering innovative solutions to the rapidly-growing OTC FX market, and the two companies will explore working together to pursue clearing and operational efficiencies for their customers.
Press release
© CME Group
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