RBC is rolling out their new single dealer platform, ‘RBC DirectExecution’ (RBCDX), aimed at their corporate and real-money institutional clients.
The platform, commissioned over three years ago has an Adobe Flex front-end, and thus requires the Flash ‘plug in’.
As part of the project, RBC also rebuilt their pricing engine capabilities using Apama CEP FX aggregation technology.
As we have mentioned in previous posts, having people with strong pricing engine capabilities is a prerequisite to building a credible eFX distribution franchise. RBC hired that expertise in the form of Stamos Fokianos (ex Standard Chartered), to drive the project.
Ed Monaghan, Global Head of FX at RBC, has ambitions to become a top ten FX bank (currently they are ranked 18th up from last year’s 20th position in the EuroMoney FX rankings).
The platform will enable clients to trade trade FX, money markets, fixed income and deposits.
Screen shot of the new platform.
Image may be NSFW.
Clik here to view.
EuroMoneyFX News has an interview with Ed Monaghan talking about RBCDX here (sorry password required)
Image may be NSFW.
Clik here to view.
Image may be NSFW.Clik here to view.
