CME/FXMS venture over?
The report, citing "well-placed sources", said CME decided to end its involvement at a board meeting in Chicago last Wednesday (September 10). However, no party would comment on the speculation.
Trading on FXMS has failed to gain strong momentum after it was established in March 2007. In a July conference call to discuss Q2 results, Rick Redding, CME's managing director and head of products and services, said FXMS had been a "disappointment" (FX Week, July 28). However, he added the company still
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