New RBC sales trader and director previously spent 14 years at Morgan Stanley and joins the firm to expand its European cash trading division alongside two other senior new hires.
The Securities and Exchanges Commission (SEC) found that RBC allocated bonds intended for institutional investors to parties who then resold them to broker-dealers at a profit.
The new platform will allow quicker execution, access to greater liquidity and increased price discovery across G10 currencies and emerging markets currencies.
Through an agreement with Cowen, a subset of its clearing business will transition onto RBC’s Clearing and Custody platform.
The service uses BestX technology to provide RBC Investor & Treasury Services clients with FX TCA reporting to assess the execution quality of their currency overlay services transactions.
Market volatility sparked by the COVID-19 pandemic has resulted in a significant increase in prime brokers asking for more collateral from hedge funds.
Wematch IRS adds JP Morgan, RBC, HSBC and Societe Generale to dealer-to-dealer platform.
Highly regarded market structure expert to join RBC from BNY Mellon.
Consortium aims to establish universal connectivity standards for industry desktop applications.