RBC puts fresh focus on proprietary FX trading

Former co-head of FX sales and trading in London, Keith Dack, has been appointed to lead the new proprietary trading strategy, said David Gibbins, global head of FX at RBC Capital Markets in Toronto. "Keith is the ideal person to lead this initiative and we’re fortunate to be able to draw on his solid experience and excellent reputation as a proprietary trader," he added.

While traders at RBC in London can currently take "proprietary positions that comply with established risk and exposure pa