RBC Capital bolsters online FX with RTFX
As part of the continued evolution of its global FX platform, RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada (RY on TSX and NYSE), today announced the launch of Reuters Trading for Foreign Exchange (RTFX), thereby enhancing its global FX platform.
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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.
"Our network of major international trading hubs gives our clients on-the-ground service with round-the-clock execution capabilities and we are committed to the continued investment in our global FX platform," said Ed Monaghan, Global Head of FX, RBC Capital Markets. "This addition to our platform will allow our clients in regions with limited internet infrastructure to execute quickly and efficiently, with minimal latency."
RTFX is based on Reuters Electronic Trading technology, used by more than 100 leading FX banks, and provides access to multiple market makers with a single login. Together with the real-time news and prices from Thomson Reuters Eikon, RTFX's trading capability allows for the seamless move from price discovery to execution.