RBC boosts first-half FX trading revenues

NEWS

TORONTO -- RBCDominion Securities boosted its first-half FX trading revenue by 23% year-on-year in 2001, it announced last week. RBC attributes the rise -- to CAD178 million (US$116 million) -- to new business and increased client use of a range of e-commerce trading platforms, David Gibbins, global head of FX at RBC in Toronto, told FX Week.

"Our business base has expanded, the markets have seen a fair amount of volatility, trading volumes have grown, and we are able to handle additional clients

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