BidFX adds RBC As An Additional Algo Provider

BidFX is happy to announce RBC Capital Markets as the latest Algo Provider to add their Algo suite to the BidFX EMS. The RBC Algo suite is immediately available to all RBC clients and has seen large demand from institutional clients on the platform.

BidFX CRO, John McGrath, commented, “We are very happy to see RBC join BidFX’s Algo offering with its comprehensive algo suite. As BidFX has expanded rapidly into the institutional buyside we have seen high demand for RBC and their Algo offering. Algo’s are now one of the most common methods for buyside’s to measure their FX execution which is why it is so pleasing to add more providers of RBC’s quality to the BidFX platform.”

Neil McClements, Head of EMEA eFX Sales at RBC commented, “At RBC we are committed to driving more transparency and consistency of execution and recognise the important role third-party platforms such as BidFX have to play in ensuring these efforts enhance the FX market. We are continually developing and refining our FX Algo capabilities on behalf of our clients to improve workflow and execution efficiency, deliver more consistency in performance and minimising market impact. Our robust suite of FX Algo solutions is designed to be tailored with user-defined controls to each client’s execution goals and desired benchmark. The combination of advanced Algo technology solutions and high-touch FX sales and trading services allows RBC to provide clients with market-leading execution capabilities.”

A list of RBC's algos with descriptions of each, can be found HERE