I do not think they will limit it to inst. only. Look what happenned to ES. Every contract bring $ to CME, for that public is needed.
"I am not going to post color and comments from speaking with CME FX Marketspace staff as it is better that they speak for themselves- call them up, they are most available to discuss... " My understanding of FX Marketspace from speaking with them is that it is intended for retail on up. Take the 5 minutes and call the CME yourself instead of relying on those posting misinformation.
"relying on those posting misinformation" "Thanks for your inquiry regarding FXMarketSpace. IBâs can participate in the usual way in which they interact in current CME markets with one exception: FXMarketSpace is limited to institutional users. The platform is not available to retail users. Thanks, Rick Rick Sears, Managing Director, FX Chicago Mercantile Exchange 20 South Wacker Drive Chicago, IL 60606" Take it up with Rick.
I will look up the name of who I spoke with. He indicated that retail clients would have STP access via a broker. Their bids and offers would be reflected in the NBBO. In the end the brokers offering FX Marketspace would win client market share by providing solid access and low fees just like other financial markets... The key is what is meant by access and platform... And I wanted to take out "misniformation" but time expired.
I do not see the big deal ... I can already trade futures fx or split the NBBO in spot fx and deal with some of the biggest FX interbanks as a retail customer with InteractiveBrokers
OK, fellow 'cane fan. No prob. I think that there is a bit of confusion about what will and will not be available. Mr. Sears is supposed to have the latest 411. But all of this can change after the initial roll out.
Cute. The only logical conclusion: CME and Reuters haven't worked out some of the minor details (such as the business model itself) yet...