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FXMarketSpace Launches Foreign Exchange Settlement Service

At 31 Mar 2008 11:04:26 in ET-Foreign Exchange, Electronic Trading    Print Article  Email Article   Full content requires subscription 

FXMarketSpace, the centrally cleared, global foreign exchange (FX) trading platform, has launched FXSettle, a settlement solution that securely routes trades dealt on FXMarketSpace directly to the customer’s bank or agent for settlement. Live for the past two months, FXSettle is currently available through two global settlement banks, with another in the process of becoming live. FXMarketSpace is a joint venture between Reuters and futures exchange operator CME Group.

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