I just got an e-mail from CME. I did not expect something like this happening too soon. If their spreads will be realistic, it is going to be THE PLACE to trade spot fx. CME and Reuters to Create FXMarketSpace â The World's First Centrally-Cleared, Global FX Marketplace CME is proud to announce that it has partnered with Reuters to create FXMarketSpace, the worldâs first global FX marketplace to offer anonymous, cleared trading of OTC FX instruments through a central counterparty. Through this joint venture, CME and Reuters will pool their expertise in data dissemination, distribution, trade matching and central counterparty clearing services to provide you, our valued customers, with broadened access to the $2 trillion a day FX market. Broad Access, Credit Efficiencies As FX has emerged as an asset class in its own right, as non-bank financial institutions are playing an increasingly important role in global FX markets, and with the continued growth of electronic and algorithmic trading, FX customers are looking for broader access to the FX market. FXMarketSpaceâs trading model will provide a host of advantages to market participants: - Broad global distribution through Reuters market leading desktop community in FX, - CME clearing firms and selected independent software vendors; - Trading anonymity; - Transparent and competitive prices on the CME GlobexÂ® electronic trading platform; - Central counterparty services through CME Clearing; and, - Straight-through processing, increased operational efficiencies and lower costs. We believe these advantages will ultimately provide customers with deep liquidity, credit-efficient trading, reduced costs and open, transparent access to the marketplace. Ultimately, FXMarketSpace will help global FX markets to operate more efficiently and grow even faster. Proven Track Record in Meeting the Needs of the FX Market CME and Reuters have long-standing reputations for meeting and exceeding the ever-changing needs of the FX market. FXMarketSpace is the latest way in which these two leading organizations in the FX futures and spot markets â and in global financial services â can deliver value to our customers.