The Royal Bank is a major player in a plan to start a new stock exchange in Toronto. The exchange would compete with the dominant TMX Group and it would prohibit so-called high-frequency trading, one of the most contentious issues for small traders. The new exchange operator, Aequitas Innovations the new exchange is expected to launch in late 2014. It will solicit business from retail and institutional investors who complain they have been short-changed by predatory high-frequency trading practices. Reuters
