NASDAQ Canada today announced that RBC Capital Markets, the corporate and investment banking arm of RBC Financial Group plans to participate in NASDAQ Canada beginning next month.
RBC Capital Markets will trade NASDAQ stocks as a NASDAQ registered Order Entry firm from its professional trading desks in Canada and will be authorized to trade any of NASDAQ’s nearly 4,000 stocks.
“Canada has a deep pool of trading talent that is restricted largely to Canadian dollar stock trading. The NASDAQ Canada strategy allows us to put our trading expertise to work in a market that offers greater liquidity,” said John Reilly, managing director of Global Trading for RBC Capital Markets, in a news release.
RBC Capital Markets’ extensive electronic network permits traders in key strategic trading hubs, such as New York, Minneapolis, Toronto and Montreal-based traders, to trade directly into NASDAQ.
NASDAQ Canada, launched in November 2000, offers direct access to The NASDAQ Stock Market.
“RBC Capital Markets is casting a strong vote of confidence in Canadian traders by giving them direct access to NASDAQ. Now Canadian traders can access liquidity directly and demonstrate their strength in stock trading to a much larger market,” said Helen Kearns, president of NASDAQ Canada.