Philips Electronics trades 98% of FX electronically

- By FX Markets Staff
- @FXMarkets_
- 12 Jun 2006

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Jarvis Seaman, senior consultant in the corporate treasury at Philips, disclosed that 98% of FX deals under $50 million at Philips are traded via multi-bank platform Currenex. Speaking at FX Week's sister publication Risk's Derivatives and Risk Management conference last Tuesday, he said trades valued above that, however, still require a phone call.

Seaman said that since the company began deploying an electronic solution to manage FX risks five years ago, it has seen the costs of hedging FX

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact customer services - www.fx-markets.com/static/contact-us, or view our subscription options here: https://subscriptions.fx-markets.com/subscribe

You are currently unable to print this content. Please contact customer services - www.fx-markets.com/static/contact-us to find out more.

You are currently unable to copy this content. Please contact info@fx-markets.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@fx-markets.com