News | Reuters and CME To Create FXMarketSpace Reuters and CME to Create FXMarketSpaceâThe Worldâs First Centrally-Cleared, Global FX Marketplace Joint Venture to Bring Market Participants a New Choice in Global FX Trading London and Chicago --Reuters, the global information company, and CME, the worldâs largest and most diverse financial exchange, today announced plans to create FXMarketSpace, the worldâs first centrally-cleared, global foreign exchange (FX) marketplace, through a new 50/50 joint venture company. The agreement signals the next phase in the evolution of the global FX market. Through the joint venture, CME and Reuters will pool their expertise in data dissemination, distribution, trade matching and central counterparty clearing services. FXMarketSpace will offer market solutions to capitalize on the growing demand for broader access to the FX market, the emergence of FX as an asset class, the growth of non-bank financial institutions in global FX markets and the growth of electronic and algorithmic trading. FXMarketSpace is expected to operate alongside existing electronic transactional systems including Reuters Dealing 3000 for interbank trading, Reuters Trading for Foreign Exchange for dealer to buyside connectivity and CMEâs FX futures and options markets on the CME GlobexÂ® platform. FXMarketSpace customers will benefit from this trading model, which will provide: 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 Globex platform; Central counterparty clearing services, through CME Clearing; and Straight-through processing, increased operational efficiencies and lower costs.