Options News Exchange To Offer Real-Time CME FX Trade Details

TECHNOLOGY

Now there are going to be two services offering live reports from the floor of the Chicago Mercantile Exchange's (CME) currency pits. Options News Exchange Inc. (ONE), a Chicago-based start-up, plans to start sending out live reports detailing the counterparties and size of currency futures and options bids, offers and trades at the CME.

Though neither exchange has opposed either vendor's plan, the data they provide could help siphon business away from the pits. Sources familiar with the pro