CME and Reuters offer Futures trading
Chicago Mercantile Exchange, Inc.
Chicago Mercantile Exchange, Inc. the largest U.S. futures exchange, and Reuters have announced an agreement to bring the professional interbank FX market direct futures trading, by offering CME's electronic foreign exchange (eFX) markets to Reuters global customer base in a spot equivalent format.<br><br>The agreement marks the first major linkage of sell side traders in the interbank FX market to CME eFX futures markets, where hedge funds and other major buy side participants play a major role, paving the way for more dynamic and efficient markets. Reuters FX trading customers, using Dealing 3000 in 3,500 institutions located in 123 countries, will be able to access CME's electronically traded eFX futures markets. Under the agreement, CME's eFX markets, traded on its GLOBEX platform, will be easily accessed via Reuters Dealing 3000 desktop with straight through processing of trades in Reuters Ticket Output Feed (TOF) standard.