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Electronic FX Systems Inching Up

Greenwich sees small shift toward single-bank FX trading platforms.

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There was a small uptick last year in the portion of companies that use electronic platforms to trade foreign exchange, according to a survey by consultancy Greenwich Associates, which shows 53% of corporate traded forex electronically in 2010, up from 50% in 2009.

At the same time, there was a slight tick down in the portion of companies that use multibank platforms, to 82% in 2010 from 83% in 2009, and a small rise in the portion that use single-bank or proprietary platforms, to 31% last year from 29% in 2009, according to Greenwich.

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