Greenwich Associates Plums e-FX Divide

CONNECTIVITY

NEW YORK--A sharp divide exists between active electronic foreign exchange (e-FX) clients and those that do not trade FX online, according to new research from U.S. consultancy Greenwich Associates.

While growth among existing users has doubled e-FX volumes to $8 trillion in 2003, almost one-half of clients still say they have no intention to trade electronically, according to the Greenwich Associates survey.

For those firms that are trading online, 43 percent of their total FX trades by volume is

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