RBC Nice

Bloomberg reports that the Royal Bank of Canada (RBC) has been backing the efforts to eliminate the abusive HFT practices that are stealing billions from investors.

“One thing that’s clear is that RBC is the common denominator between IEX and Aequitas,” said Jos Schmitt, chief executive officer at Toronto-based Aequitas, in an April 1 interview at the company’s headquarters in Royal Bank Plaza. “It tells you something about where they come from, what they stand for and what they seek to achieve. They translated that to being the spark in a change on Wall Street and on Bay Street.”

Thanks, RBC.

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