RBC Bolsters FX Trading Capabilities
RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada has launched Reuters Trading for Foreign Exchange (RTFX), in a bid to enhance its global FX platform.
RBC Capital Markets is already a globally active market-maker in spot, forward, swap and option products in all major currencies, and becomes the first Canadian bank to act as a market-maker through the RTFX FX trading community, which encompasses more than 650 financial institutions.
Ed Monaghan Global Head of FX, RBC Capital Markets says the addition to the bank's platform will allow clients in regions with limited internet infrastructure to execute quickly and efficiently, with minimal latency.
RTFX, based on Reuters Electronic Trading technology and used by more than 100 FX banks, provides access to multiple market-makers via a single login.
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