FX Markets

RBC To Transfer Canadian Dollar Options Book From N.Y. To Toronto

BANKS

The Royal Bank of Canada (RBC) plans to transfer its Canadian dollar options book, its options manager, John Aloisio, and one of its options traders from its New York branch to its Toronto headquarters in August.

"The only reason for the change is that more of our [Canadian dollar options] business is coming out of Toronto than New York," says Paul Taylor, an RBC executive vice president based in Toronto. "We wanted our [Canadian dollar] options trader to be closer to our clients," he adds.

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