Royal Bank Of Scotland Completes Major Deal For Avecia
In conjunction with RBS Structured Finance, RBS has transacted a €495m foreign exchange deal for Avecia using the RBS FiX electronic trading system, which generates foreign exchange benchmarks. It will provide Avecia with a transparent market benchmark price that is independently audited and published to the market. RBS FiX has a unique algorithm that gathers data using width, age, liquidity and, most importantly, the market volume to calculate a true market price at a specific fixing time.
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