Buy side embraces e-FX

A growing acceptance of the security of electronic transactions and a desire to reduce operating costs are among the key drivers of the trend, buy-side players told FX Week. Growing use of multi-bank portals has also fostered greater use of e-FX.

Although multi-national corporates have long used electronic treasury workstations to manage their FX trading and cash management, those in the asset, fund and pension management areas are the latest sector of the buy side to snap up electronic wa