Philips Electronics trades 98% of FX electronically
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Jarvis Seaman, senior consultant in the corporate treasury at Philips, disclosed that 98% of FX deals under $50 million at Philips are traded via multi-bank platform Currenex. Speaking at FX Week's sister publication Risk's Derivatives and Risk Management conference last Tuesday, he said trades valued above that, however, still require a phone call.
Seaman said that since the company began deploying an electronic solution to manage FX risks five years ago, it has seen the costs of hedging FX
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