A large portion of corporate treasuries now execute short-term investments, such as money funds and commercial paper, online.
According to a recent SunGard survey of 164 corporations, 60% use online portals to invest in money-market funds, commercial paper, and other short-term options, in line with the 61% that said they traded online in SunGard's 2013 survey. That's up from the 43% that did so in 2012 and 37% in 2011.
The adoption of online execution was initially driven by customers' desire for "the automation and efficiency of straight-through processing into their treasury workstation," said Vince Tolve, vice president and global head of sales for SunGard's global trading business. But over the past few years, as companies faced the financial crisis, the recession, and the European debt crisis, treasurers have also been interested in using online platforms to assess the risk of their trading partners, Tolve said.
Complete your profile to continue reading and get FREE access to Treasury & Risk, part of your ALM digital membership.
Your access to unlimited Treasury & Risk content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Thought leadership on regulatory changes, economic trends, corporate success stories, and tactical solutions for treasurers, CFOs, risk managers, controllers, and other finance professionals
- Informative weekly newsletter featuring news, analysis, real-world case studies, and other critical content
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the employee benefits and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Susan Kelly
Susan Kelly is a business journalist who has written for Treasury & Risk, FierceCFO, Global Finance, Financial Week, Bridge News and The Bond Buyer.
