CME, Reuters announce firms to participate in FX launch

Chicago Mercantile Exchange, Inc. and Reuters announced in October the seven banks and
futures clearing firms to participate in the launch of CME FX on Reuters.

They are: ABN AMRO; Bank of America; Barclays Capital; HSBC; Royal Bank of Scotland; kandinaviska Enskilda Banken (SEB); and Societe Generale Group members, Societe Generale and Fimat International Banque SA.

Beta testing is expected to begin by the end of Q4 2004, with the launch shortly afterwards.

CME FX will provide Reuters’ global customers with access to CME’s electronic foreign exchange (eFX) markets in a spot equivalent format. The agreement, introduced in May, marks the first major linkage of sell side traders in the interbank FX market to CME eFX futures markets.

The service will be initially available in the United Kingdom and U.S, with later rollouts to other European, Asian and North American markets. Both in-house FX traders and clearing firms for nonmember Reuters customers will be able to trade CME eFX futures on Reuters flagship foreign exchange trading platform Reuters Dealing 3000.