| FXMarketSpace’s standard fees | ||
| $blns/month | Passive | Aggressive |
| 0-10 | $4.00 | $6.00 |
| 10-20 | $3.60 | $5.40 |
| 20-40 | $2.88 | $4.32 |
| 40-60 | $2.30 | $3.46 |
| 60-80 | $2.07 | $3.11 |
| 80-100 | $1.87 | $2.80 |
| 100-120 | $1.77 | $2.66 |
| 120+ | $1.68 | $2.53 |
| Source: FXMarketSpace | ||
The plans of Reuters and CME joint venture FXMarketSpace to bring exchange-like efficiencies to the spot foreign exchange market appear to have been dealt a huge blow. Core to FXMarketSpace’s proposed business model is the use of CME Clearing as the central counterparty (CCP) to trades.
The use of a CCP makes trading anonymous and lowers credit risk, as the clearer is the counterparty to all transactions. FXMarketSpace had been widely touting the benefits of its model, saying that it would open the forex market to a new range of participants because credit was removed as a discriminating factor in sourcing liquidity.