TD Joins RBC Atop Ranking of Canadian Fixed Income Dealers
- Investor survey measured business share and service quality
- RBC has dominated in Canadian fixed income market for years
The Toronto-Dominion Bank headquarters in the financial district of Toronto.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Toronto-Dominion Bank has bridged the gap to Royal Bank of Canada after years of the latter’s dominance in Canadian fixed income, a Greenwich Associates survey of investors showed.
The capital markets arms of Canada’s largest lenders are tied atop a ranking of dealers prepared by the Stamford, Connecticut-based research firm after conducting 190 interviews with 81 institutional investors active in Canadian fixed income. RBC Capital Markets ranked higher in estimated market share, while TD Securities came first in the so-called Greenwich Quality Index, which measures relationship quality.