Heather McLean
Heather McLean

The Benelux Region

Heather McLean examines e-FX within the region.

The Benelux region is currently immersed in a battle between banks and portals for system market share. e-FX trading is growing rapidly in the region, while many small financial institutions are being absorbed into larger, growing businesses as acquisition fever takes hold of the area. Yet whose platform traditional and new businesses will move onto, is a key issue, particularly for the banks. Multibank platforms are the favoured option in the Benelux for large corporate treasuries and also for a growing multitude of mid sized corporates, which is putting pressure on mono bank platforms. Those platforms feeling the pressure are often smaller or middle tier pan-European banks rather than their global counterparts, which are having to work harder to provide customers with what they want or risk loosing business.Peter Luypaert is head of corporate sales for the treasury and financial market at Dexia Bank in Belgium. He comments: “There is still quite a huge battle between mono and multi bank...continued

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