Equities
Our Global Electronic Trading team – comprised of traders, quantitative developers and market specialists – provides innovative products and services that empower clients to navigate market challenges. Our client-centric team delivers the best execution, trading and market structure information in the industry through continual innovation and refinements.
Technology
THOR
THOR is RBC’s patented smart order routing technology designed to improve execution quality, minimize information leakage and control trading costs. THOR interacts seamlessly with RBC’s streamlined algorithm suite, as well as DMA orders, Cash Desk and Program trades.
RBC Algo Suite
Our proprietary and powerful algorithmic trading suite uses our patented THOR routing technology
DMA
Utilizes THOR routing technology; manages display size using RBC’s proprietary posting logic.
RBC NOW
Aggressively seeks liquidity while managing market impact.
RBC Eclipse
Uses stock-specific triggers to opportunistically source liquidity.
Implementation Shortfall
Follows a front-loaded schedule quantitatively optimized to balance market impact and opportunity cost.
RBC Closer
Attempts to achieve the Closing price while managing market impact.
POV
Tracks volume at a specific participation rate.
VWAP/TWAP
VWAP follows a schedule based on current market conditions and the stock’s historical profile. TWAP follows a straight-line schedule.
RBC Dark
Dark aggregator which actively sources liquidity at carefully selected dark venues.
RBC Select
Liquidity seeking strategy that uses a single aggressiveness parameter to drive execution.
Market Structure Strategy
Behind every smart investment decision is smart research. Our industry-recognized Market Structure team researches the timeliest issues in the markets and assesses how those issues impact institutional investors, allowing our clients to stay ahead of evolving market trends.