RBC Capital Market's Currency Trading Co-boss Graeme King Exits Amid FX Scandal

By Lianna Brinded | February 7, 2014 13:22 PM GMT

REUTERS

 

RBC Capital Markets' co-head of foreign exchange spot trading, Graeme King, has left the bank while a raft of global investigations into the suspected manipulation of currency markets goes on.
According to a Reuters report, King has already left the bank but there was no confirmed reason for his departure.
RBC's representatives were not available at the time of publication.
The daily $5tn (£3.1tn, €3.7tn) currency market is the largest in the financial system and is pegged to the value of funds, derivatives and financial products.
Morningstar estimates that $3.6tn in funds, including pension and savings accounts, track global indexes.
FX rates are calculated are compiled by using data from a variety of submitted provisions on a number of platforms, such as Thomson Reuters.


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