FX Week

RBC's Mitscher Suspended Exceeded Trading Limits?

BANKS

In a highly unusual move, Austin Mitscher was suspended indefinitely from Royal Bank of Canada’s (RBC) New York office. Mitscher, a trader engaged in arbitraging the forward currency market against the floating rate agreement market, "has been suspended for doing a deal he knew he should not have," a source at the bank says.

"He wanted to do a £50 million deal with Chase and was told not to, and he did the deal anyway," the source says. A senior official at RBC says, "you’ve heard he is suspe

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: