Traders,
I found something interesting about the developing forex market. There is a new kid on block - FXmarketSpace. This is the first centrally located 4X exchange. Notice what they say on their homepage
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FXMarketSpace: An Overview
FXMarketSpace is the first centrally-cleared OTC foreign exchange (FX) trading platform. It was formed through a 50/50 joint venture between two FX industry leaders, Reuters and CME to serve the evolving needs of the FX market, including speed, efficiency, centralized clearing and complete anonymity.
A Powerful Combination
FXMarketSpace represents the combination of a central counterparty model and clearing function of CME, with the global distribution network and straight-through processing capability of Reuters. It is supported by market-leading technology which offers elements not found in any other FX platform:
I found something interesting about the developing forex market. There is a new kid on block - FXmarketSpace. This is the first centrally located 4X exchange. Notice what they say on their homepage
*************
FXMarketSpace: An Overview
FXMarketSpace is the first centrally-cleared OTC foreign exchange (FX) trading platform. It was formed through a 50/50 joint venture between two FX industry leaders, Reuters and CME to serve the evolving needs of the FX market, including speed, efficiency, centralized clearing and complete anonymity.
A Powerful Combination
FXMarketSpace represents the combination of a central counterparty model and clearing function of CME, with the global distribution network and straight-through processing capability of Reuters. It is supported by market-leading technology which offers elements not found in any other FX platform:
- centrally cleared OTC trading
- fully anonymous execution
- choice of access
- industry-leading matching engine
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I don't think this is for the little guys though. fxMarketSpace is obviously courting the big names. Should be interesting to watch this develop.
Do you think that we have crossed a line where we will eventually have a centralized Forex market? Let's discuss with your insights.