Funds becoming more reliant on e-FX

Research by Stamford-based consultancy firm Greenwich Associates found that fund managers and pension funds reported 55% usage last year, up from 48% the previous year

"Our research reveals a significant spike in e-FX usage among fund managers and pension funds, which see electronic systems as a means of documenting best execution in keeping with stricter demands from regulators," said Greenwich Associates consultant Frank Feenstra.

Greenwich also found divergence in usage between large, active

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