Currency Traders Prefer Human Touch

April 13, 2001 ( - Scoring a point in favor of human contact, only 13% of corporate treasury and bank officials reported trading currency online, according to a survey by Greenwich Associates, a research and consulting firm.

The survey was taken in the final three months of 2000 and showed an increase of just 2% from numbers in a smaller survey taken in the first quarter with 498 respondents.

Over half (57%) of the 2,300 respondents do not plan to start trading currencies online, according to the survey, though 29% said they were considering the option. That was up from 24% in the earlier poll.

Electronic trading may catch on yet, with the launch of Atriax and Fxall, new trading devices by major financial services firms, later on in the year, according to Bloomberg.