Company treasurers at the majority of medium and large-sized business have not adopted online currency trading and have no plans to do so, reports Bloomberg.
The online news and information vendor points to a survey conducted by FX Week, which polled about 60 company treasurers at last month's UK Treasurers Conference in Birmingham. The results found that only 15 per cent of those businesses were trading currencies on the Internet. The survey also showed that more than two-thirds are not considering online foreign exchange trading, reports Bloomberg.
Bloomberg highlights a similar poll by Greenwich Associates, a US-based research firm, which found that 13 per cent of companies and financial institutions have been trading online with 29 per cent planning to do so.