RBC Investor & Treasury Services has launched a new foreign exchange (FX) execution service for institutional investors.
The new product, Unity FX, is an outsourced solution for consolidating and simplifying operational FX requirements that could span multiple venues and providers.
It is intended to help both asset owner and investment managers to improve transparency and oversight in executions, while reducing cost and operational and financial risk.
Unity FX will process and execute all trade-related FX requirements, regardless of custodians and investment managers in the transaction chain. Clients will define their own execution parameters, delegating all operational requirements to RBC.
Mark Hogg, head of FX product development, treasury and market services at RBC Investor & Treasury Services, said: “UnityFX has been launched in response to increased demand for delegated execution solutions, both for operational FX and currency overlay.”
“Institutional investors are increasingly looking for tailored solutions that optimise their execution and operating models, lower costs, improve transparency and allow them to refocus on core priorities and competencies.”
