Toronto-Dominion Bank (TD), Canada’s second-largest bank by assets, will use software based on TD Ameritrade Holding Corp.’s (AMTD) platform to allow its Canadian brokerage clients to trade U.S. stocks and options.
The web-based program will allow TD Waterhouse Discount Brokerage customers to filter and execute options strategies and provides analysis of trades, the Toronto-based bank said today in an e-mailed statement.
“Our suite of U.S. trading platforms is in direct response to growing demand among retail investors who want sophisticated tools to execute their strategies,” TD Waterhouse President Kerry Peacock said in the statement.
Toronto-Dominion is the largest investor in Omaha, Nebraska-based TD Ameritrade with about a 45 percent stake, according to data compiled by Bloomberg.
To contact the reporter on this story: Sean B. Pasternak in Toronto at firstname.lastname@example.org