Royal Bank of Canada (RBC) is expanding its credit derivatives trading business across the US and Europe as growing debt issuance linked to artificial intelligence investment fuels demand from hedge funds and other institutional investors for credit hedging strategies, according to a report by Bloomberg.
The Canadian lender has broadened its credit default swap (CDS) offering by launching market-making in US dollar-denominated single-name CDS contracts and plans to extend the business into euro-...
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