Nicole Dyga Senior Consultant at Siemens Treasury Consulting & Applications GmbH
Nicole Dyga Senior Consultant at Siemens Treasury Consulting & Applications GmbH

e-FX in Germany: Assessing the Future prospects

Nicole Dyga and Ales Stárek set out to answer the question of what the future holds for e-FX in Germany.

First Published: e-Forex Magazine 15 / FOCUS / July, 2004

Ales StárekHead of Treasury Management & Advisory, Siemens Treasury Consulting & Applications GmbHThe foreign exchange market has undergone a dramatic development during the last couple of years. Especially, the potential provided by the growth of the Internet has opened the door for this development. Given the consolidation of the market and burst of the Internet bubble, it is worthwhile spending some thoughts on the question what will the future hold for e-FX.So far banks have spent enormous efforts on developing on-line dealing portals and invested millions in multi-bank platforms. Providers of Treasury Management Systems in the same manner have focused on extending the capabilities of their products towards inter-company FX dealing. Alongside with them, a small number of independent multi-bank platforms merged and, most importantly, stayed in the market. The corporate world didn’t stand on the side lines. Major German corporations were actively shaping the industry by taking part in the customer...continued

Exclusive Content

The full article is only available to current subscribers. Click here to sign in or subscribe by clicking here