Corporates wary of forex e-trading
According to the latest FX financial risk management survey conducted by Citi and the Association of Corporate Treasurers, only 41% of the 287 multinational companies surveyed used electronic platforms to execute their trades. The survey results were released in April this year, and mainly constituted European companies, which accounted for 42% of the group.
“I was surprised to see that only about 40% of respondents used electronic systems to execute their trades,” said Stephane Knauf, the
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