e-FX: helping to ease the treasury burden

Francis Maguire sets out to discover why the majority of the corporate treasury community is still not taking full advantage of the range of benefits that e-FX brings.

First Published: e-Forex Magazine 26 / Features / January, 2007

According to a recent report by Greenwich Associates more than a third of all corporations now trade FX online. However, the majority of the corporate treasury community is still not taking full advantage of the range of benefits that e-FX brings. Many smaller and mid-sized organisations are reluctant to use electronic FX and treasurers who are trading straightforward instruments online stop short of leveraging e-FX in other treasury areas such as control, compliance, and centralising operations.There are two sides to every story and just as banks want to lower their costs by automating as much of the trading process as possible, corporate treasurers are still dragging their heels on the investment needed to change. While FX online trading is growing year on year, the majority of corporate treasurers still pick up the phone when they need an FX transaction done. Much of this is down to the volume traded. If treasurers are conducting less than ten transactions a month then automation, straight through...continued

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