September 3, 2021- RBC Capital Markets, the corporate and investment banking arm of RBC (RBC, RY on TSX and NYSE), announces today that it is launching a Singapore-based e-FX (electronic foreign exchange) server and pricing engine to serve its clients across Asia-Pacific and around the globe.
Developed with support from the Monetary Authority of Singapore (MAS), RBC’s new e-FX server and pricing engine will rely on new sales and trading infrastructure in the city state. With the launch to global clients scheduled for December 2021, the new platform will provide those who currently rely on pricing engines based in London, UK, with speedier execution, access to greater liquidity and enhanced price discovery across both G10 and emerging markets currencies in the Asian trading hours.
Rod Ireland, Head of Global Markets APAC said “Singapore has emerged as the largest FX trading centre in Asia and third largest globally, and it continues to strengthen its e-FX trading capabilities and market infrastructure. Our investment demonstrates our commitment to the region and participating in the growth of the broader FX market.”
Lim Cheng Khai, Executive Director, Financial Markets Development Department of MAS said, “We are pleased that RBC Capital Markets has chosen to set up its first Asian e-FX server and pricing engine in Singapore. Singapore enjoys strong connectivity to the regional markets and is well placed to tap the strong institutional flows in Asia and beyond. RBC Capital Markets’ entry will continue to broaden and deepen our FX e-trading ecosystem, and strengthen Singapore’s standing as the global FX price discovery and liquidity centre in the Asian time zone.”
RBC Capital Markets has one of the strongest sell-side franchises in global e-FX. The bank provides liquidity across 30 major and emerging markets currencies, with FX products available for execution on its proprietary RBC DX or RBC API trading platforms, as well as on multi-bank platforms across global FX markets including Spots, Forwards, Swaps, FX Execution Algos and Options. RBC Capital Markets’ algorithmic trading suite uses consolidated market liquidity and sophisticated order routing with a simple, safe and easy-to-use set of orders to meet client execution needs.
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RBC Capital Markets
RBC Capital Markets is recognized by the most significant corporations, institutional investors, asset managers, private equity firms, and governments around the globe as an innovative, trusted partner with an in-depth expertise in capital markets, banking, and finance.
We are well-established in the largest, most mature capital markets with over 7,900 employees across North America, Europe, and the Asia-Pacific region in 58 offices and 14 countries, collectively encompassing more than 85% of global investment banking activity each year.
For more information on RBC Capital Markets, visit rbccm.com
Media contact, RBC Capital Markets:
Yvonne Ball | yvonne.ball@rbccm.com | +61 (0) 290 333 326