RBC Capital Markets, the corporate and investment banking arm of Royal Bank of Canada, announced Wednesday that it has bought Carlin Financial Group, a New York broker-dealer.
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Carlin offered a proprietary trade execution platform that is used by emerging hedge fund managers, professional traders, and financial institutions. With the acquisition, RBC said it will trade an average of 3.5 billion shares a month.
RBC Capital has renamed the broker-dealer RBC Carlin. On Wednesday, RBC Carlin launched a customizable trading platform called Options Pro that is part of a group of products offered through RBC Accel, a portfolio trading system that handles more than 30 million shares a day.
