Picking Up the Pace
NETWORKS
When a bank's native currency is traded lighter than the foreign exchange (FX) heavyweights of the US dollar, Japanese yen and the pound sterling, how does a bank raise its currency's profile? For the Royal Bank of Canada (RBC) the answer is to provide real-time data on the nostro accounts held in the bank.
"In order to get more interest in the Canadian dollar, combining ourselves with a service that delivers real-time information for US dollars, sterling and yen made sense," says Ian Toone
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