Survey reveals Asian treasurers' penchant for single-dealer platforms
Only 30% of electronic users use multi-bank portals
Corporate treasurers in Asia are avid users of single-dealer platforms compared with their compatriots in other parts of the world, a new survey by Bank of America Merrill Lynch (BAML) shows.
While only half of the nearly 1,500 treasurers surveyed said they handled FX operations electronically, 70% in that group were single-platform users, according to BAML's second annual Asia-Pacific Treasury Management Barometer.
The remaining 30% indicated they use independent, multi-bank portals.
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