CITY INSIDER
CITY INSIDER
Insider hears that confusion reigns at HSBC and Royal Bank of Canada (RBC) over the names of their FX trading systems. It seems they are both called FX Direct. RBC’s web-based FX trading platform, launched last May, is live over the public Internet and has proved something of a success for the bank. RBC trademarked the name FX Direct in North America 2 years ago, but the status of the name globally remains unclear. Meanwhile, at the HSBC earnings conference a couple of weeks ago, the bank’s
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