FXMarketSpace is a 50/50 joint ventures collaborative effort of Thomson Reuters and CME Group, two FX market leaders with exceptional histories of product innovation and market transformation.

FXMarketSpace combines the strengths of its parents to create its own unique platform. By incorporating the straight through processing expertise of Thomson Reuters with the central clearing functionality of CME Group, it is able to offer FX traders the singular ability to fulfil trades anonymously. This characteristic alone has the ability to broaden FX participation by opening up the market to hedge funds and other entities for whom anonymity is essential. FXMarketSpace also combines the technology and desktop capabilities of its parents to provide unprecedented transparency and access to its trading capabilities—a further catalyst to overall FX market liquidity. At its launch in early 2007, it will be able to offer participants potential cost efficiencies related to settlement. FXMarketSpace will reduce counterparty risk by being the buyer to every seller and the seller to every buyer by employing CME Group clearing functionalities.

Thomson Reuters is the leading provider of news, financial information and technology solutions to institutions, businesses and media worldwide. Founded in 1850, Thomson Reuters has always been committed to delivering information using the best available technology. In 1981 Thomson Reuters pioneered electronic trading services and established its presence with the launch of Reuters Dealing (originally D-2001, now Dealing Direct), an electronic peer-to-peer trading platform. In 1992 Thomson Reuters released its Spot Matching service, the first electronic matching system in FX. The Reuters platform, in its formative and subsequent versions, has provided a catalyst for FX trade volume growth by significantly reducing both execution speed and transaction costs. Today, Reuters Dealing Direct supports more than 18,000 customers and facilitates approximately 1.5 million peer-to-peer FX trading conversations a week.

Thomson Reuters expertise in FX encompasses:

• an established network of global relationships
• global desktop distribution
• market leading straight-through processing capabilities
• local installation and field support

Founded in 1898, CME Group is the leader in the FX futures space, accounting for 96% of all currency futures contracts traded on a worldwide basis. CME Group pioneered this segment by offering the world's first financial futures contracts on seven foreign currencies in May 1972. Since that time, it has continued to expand its reach in FX by introducing new products, expanding its customer base and leveraging the market leading technology found in CME Globex®, its proprietary electronic trading platform. The exchange handles over a billion contracts valued at more than $638 trillion on an annual basis.

CME Group has a number of strengths in the FX industry, including:

• superior trade matching technology
• the largest derivatives clearing facility in the world
• highly liquid markets and a diverse product line