FXMarketSpace (FXMS) was a centrally-cleared, global foreign exchange (FX) platform for the over the counter (OTC) cash market. It was launched in May 2006 as a joint venture between Reuters and the Chicago Mercantile Exchange but they decided to close the platform in Oct 2008 as it had not attracted enough liquidity.
It was formed through a 50/50 joint venture between Reuters and the Chicago Mercantile Exchange to serve the needs of the FX marke...
More
FXMarketSpace (FXMS) was a centrally-cleared, global foreign exchange (FX) platform for the over the counter (OTC) cash market. It was launched in May 2006 as a joint venture between Reuters and the Chicago Mercantile Exchange but they decided to close the platform in Oct 2008 as it had not attracted enough liquidity.
It was formed through a 50/50 joint venture between Reuters and the Chicago Mercantile Exchange to serve the needs of the FX market, including speed, efficiency, centralised clearing and complete anonymity.
4 May 2006 - Joint venture is announced by its two parent companies.
February - FXMS gains Financial Services Authority approval. Executive Bryan Hunter resigns.
26 March 2007 - FXMarketSpace is declared "fully operational and open for trading".
31 March 2008 - FXMarketSpace announces FXSettle, a settlement solution that intelligently routes trades directly to the bank or settlement agent - guaranteeing against settlement and replacement risk, and reducing costs.
11...
Less