The service will go live in the fourth quarter, initially in London, with additional markets in Europe, Asia and North America following. Reuters said its customers, using Dealing 3000 terminals in 3,500 institutions in 123 companies, will be able to access CME’s electronically traded forex futures markets.
The agreement marks the first major linkage of sell-side traders in the interbank foreign exchange market to CME electronic forex futures markets, paving the way for more dynamic and efficient markets, the companies said.
Craig Donohue, chief executive of the CME, said the exchange is in the midst of one of its biggest periods of growth, being driven largely by electronic foreign exchange.
The week on Risk.net, July 7-13, 2018Receive this by email