We propose an algebraic scheme for quantizing the rational Ruijsenaars
-Schneider model in the R-matrix formalism. We introduce a special par
ametrization of the cotangent bundle over GL(N, C). In new variables t
he standard symplectic structure is described by a classical (Frobeniu
s) tau-matrix and by a new dynamical <(tau)over bar>-matrix. Quantizin
g both of them we find the quantum L-operator algebra and construct it
s particular representation corresponding to the rational Ruijsenaars-
Schneider system. Using the dual parametrization of the cotangent bund
le we also derive the algebra for the L-operator of the hyperbolic Cal
ogero-Moser system.