Royal Bank Bourse to Test TMX’s Rapid Trading: Corporate Canada
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Royal Bank of Canada, left out of a banking group that bought the Toronto Stock Exchange last year, is betting a new exchange will take business from Canada’s largest bourse.
Canada’s biggest bank teamed up with two of the country’s largest mutual fund dealers to create Aequitas Innovations Inc., with a plan to target investors who are concerned about the rise of high-frequency trading on traditional markets.