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.