News Release

FXMarketspace Provides Its First Monthly Market Update

Mon May 07 2007

London/ Chicago/ New York/ Tokyo – May 7, 2007. FXMarketSpace, the world’s first centrally-cleared, global foreign exchange (FX) platform for the over-the-counter market, today provided its first monthly market update, which included average daily volume figures for its first month of trading. The updates are designed to provide increased transparency to FXMarketSpace customers and the FX market as a whole and are a first for a cash FX platform. FXMarketSpace reported that client acquisition is ahead of expectations with more than 40 customers now live on the platform. These include clearing prime brokers who provide access to trading customers: a list of 15 clearing prime brokers can be seen on It also stated that customers have expressed satisfaction with the bid/ask spreads, liquidity at the best price and depth in the book. The current end users are comprised of model-based traders, keyboard traders at banks and traditional buy side participants. In addition to a growing customer community, FXMarketSpace has broadened its geographic reach and is now authorised to trade in the United States, United Kingdom, Japan, Canada, Germany, France, Switzerland, as well as several other European countries. FXMarketSpace increased its presence in Asia with the opening of its first Asian office, located in Tokyo, in April with plans for a second office in Hong Kong later this year. One of the key benefits that FXMarketSpace offers customers is greater transparency, where all prices are available to all participants. Additional transparency is provided to customers as they can access both prices and trading volumes on a real-time basis on Reuters premium desktops. Increased price transparency will enable greater participation and increase liquidity. Since launch on 26 March until 30 April, average daily volume for the platform has been USD 331 million. Following is the average daily volume for the top five currency pairs between 26 March and 30 April – EUR.USD 139 million USD.JPY 85 million USD.CHF 41million GBP.USD 28million EUR.JPY 19million All volumes are single count USD equivalent. The company plans to provide volume updates on a monthly basis. Mark Robson, Chief Executive Officer, FXMarketSpace, said: “We are delighted with our live community of over 40 customers, which is increasing week on week. In our first trading month since launch volumes were on target and we are already seeing an increase, as our clearing prime brokers connect trading customers to FXMarketSpace. This positions us well for future growth.��? FXMarketSpace trading days exclude UK Bank Holidays and Thanksgiving. About FXMarketSpace FXMarketSpace, a 50/50 joint venture between Reuters and CME, is the first centrally-cleared, global, over the counter foreign exchange (FX) marketplace. FXMarketSpace is the first FX platform involving the entire spectrum of market participants including global and regional banks, asset managers, corporations, hedge funds and other market makers. The platform utilises CME’s central counterparty model and clearing function, with access via Reuters premium desktop services and CME’s API. The result is a platform that is uniquely positioned to reduce risk, provide deep liquidity, support anonymity and price discovery, while cutting costs and increasing efficiencies for inter-dealer and institutional FX transactions. FXMarketSpace is authorised by the FSA as an Alternative Trading System. For more information please visit Media Contacts: FXMarketSpace Jake Smith, + 44 20 7796 7169 / +44 7904 122 746

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