Saturday, 27 August 2016
Last updated 3 hours ago
Oct 26 2006 | 7:45am ET
In an effort to boost its hedge fund servicing business, RBC Capital Markets has agreed to acquire New York-based Carlin Financial Group for an undisclosed sum.
Carlin – headed by RBC vet Jeremy Frommer – provides trading and execution services, as well as proprietary algorithms, to emerging hedge funds. Its trading platform currently trades about 35 million shares per day.
“Emerging hedge fund managers, professional traders and other clients of the CFG business will continue to receive the same high quality of service they’ve come to rely on, and will now also have access to the full range of capital markets products and services we offer in the U.S.,” RBC head of global equity sales and trading Greg Mills said.