Greenwich reports e-FX divide

While growth among existing users has doubled e-FX volumes to $8 trillion in 2003, almost one half of clients still say they do not intend to trade electronically, reveals the survey from US consultancy Greenwich Associates.

For those trading online, 43% of their total FX trades by volume are now transacted electronically, compared with 32% in 2002.

"In past years, institutions have been tip-toeing into the market," said Greenwich consultant Peter D’Amario, "but last year we saw institutions s