fxmarketspace: an overview
FXMarketSpace is the first centrally-cleared over-the-counter (OTC) foreign exchange (FX) trading platform. It was formed through a 50/50 joint venture between two FX industry leaders, Reuters and CME, to serve the evolving needs of the FX market, including speed, efficiency, centralised clearing and complete anonymity.
A Powerful Combination
FXMarketSpace represents the combination of a central counterparty model and clearing function of CME, with the global distribution network and straight-through processing capability of Reuters. It is supported by market-leading technology which offers elements not found in any other FX platform:
- centrally cleared OTC trading
- fully anonymous execution
- choice of access
- industry-leading matching engine
Meeting the Needs of a Changing Market
FXMarketSpace is targeted to meet the growing FX needs of banks and other financial institutions including traditional asset managers, proprietary trading firms, leveraged funds, overlay currency managers, hedge funds and commodity trading advisers. It is designed to provide increased price transparency, introduce trading anonymity, and heighten FX market accessibility. Combined, these three features hold enormous potential to deepen FX market liquidity and increase market efficiency for the next generation of FX trading. FXMarketSpace offers participants unprecedented access to its platform through a variety of means including:
- CME's iLink API
- Reuters Dealing 3000 and Reuters 3000 Xtra desktops
- Reuters standard transactions API
- Select Independent Software Vendors (ISVs)
- eFX portals of participating clearing member firms
Providing Access to All Major Currencies
FXMarketSpace supports spot FX transactions in six major currencies against the US dollar: the euro, Japanese yen, British pound, Australian dollar, Swiss franc and Canadian dollar. Four cross-currency pairs will also be supported.
Or visit www.fxmarketspace.com
BNP Paribas is a European leader in banking and financial services, and is ranked amongst the world's top 15 banks in terms of market capitalisation – ?80 billion (US$108.8 billion)*. It is one of the leading banks in the Euro-zone, with net income of ?7.3 billion, total assets at ?1.44 trillion*. The Bank is given an "AA" long-term credit rating by both Standard & Poor's and Fitch.
BNP Paribas enjoys key positions in its three core businesses: corporate and investment banking, asset management & services and retail banking. Present in 88 countries, the bank has more than 140,000 employees. According to a 2007 survey by a global brand valuation consultancy, Brand Finance, BNP Paribas is ranked the world's seventh most valuable bank brand.
* as of December 31, 2006
About BNP PARIBAS in the Asia-Pacific Region
Corporate and Investment Banking
Corporate and investment banking activities are balanced between advisory and capital markets (corporate finance, equities, fixed income, equity & derivatives), and specialised financing (structured finance, export, commodities, project finance). In addition, the client coverage organisation is responsible for managing client relationships within the region.
BNP Paribas' fixed income business offers a broad range of products and advisory services in the global interest rate, credit and currency markets. Our network of 1,700 people runs a 24-hour operation from the headquarters in London and five other main trading floors in Hong Kong, New York, Paris, Singapore and Tokyo.
BNP Paribas has one of the largest sales, trading, structuring and distribution platforms in the Asia-Pacific region with on-the-ground presence in the key Asian centres including Bangkok, Beijing, Ho Chi Minh City, Hong Kong, Manila, Mumbai, Seoul, Shanghai, Singapore, Sydney and Taipei. We have a strong track record of having the capacity to lead, manage and distribute Asian and global transactions for our clients.
BNP Paribas was named #1 for Overall FX Services, Currency Strategy and Innovative FX Products and Structured Ideas by Financial Institutions in Asia (Asiamoney's 2006 Foreign Exchange Poll) and ranked amongst the top 3 players in G3 and local currency structured products (Asiamoney's 2007 Structured Products Poll).
For more information, please contact:
Head of institutional clients group, Asia
Tel: +852 2108 5063
Head of corporates group, Asia
Tel: +852 2909 8850
The royal bank of Scotland
The Royal Bank of Scotland (RBS) is one of the world's leading financial services companies, providing a range of retail and corporate banking, financial markets, consumer finance, insurance, wealth management and other finance-related products and services.
By market capitalisation, RBS ranked ninth in the world and third in Europe as of April 13, 2007. Our bank senior and long-term debt ratings from Standard and Poor's and Moody's are AA and Aa1, setting us among the most credit-worthy financial institutions in the world.
RBS is a recognised global leader in spot FX, forward FX, and currency derivatives, providing global coverage around the clock through large and experienced teams in the major currency trading centres throughout the world. It provides innovative solutions and market insight to its customers on a regular basis across multiple currencies, is a leading adapter of multiple e-commerce technology platforms that help clients transact efficiently, and has recently introduced and is expanding an FX prime brokerage capability. We view the combined offering of fixed income and FX capabilities as yet another opportunity to provide meaningful solutions to our clients across market sectors.
Chris De La Hoyde
Regional head of FX trading
Telephone: +852 2966 2830
Head of FX sales global financial institutions
Telephone: +852 2966 2861
Head of Asian emerging markets FX
Telephone: +852 2966 2792
Asia FX strategist
Telephone: +852 2966 2531
Head of FX options, Asia-Pacific
Telphone: +852 2966 2762
Head of futures clearing and prime brokerage sales, Asia
Telephone: +852 2966 2851