23 February 2018
Visit www.avoka.com

TD takes Yieldbroker stake

23 June 2009  |  3075 views  |  0 cash

The Toronto-Dominion Bank (TD) has acquired a stake in Sydney-based electronic trading outfit Yieldbroker. Financial terms were not disclosed.

The deal gives TD an equal stake in the online trading company alongside existing shareholders Citi, Deutsche Bank, JP Morgan, Macquarie Bank, RBC, RBS and UBS.

Yieldbroker offers an electronic trading platform in the local debt markets which provides institutional investors with the ability to view live indicative prices and request competitive two-way markets in over 700 debt securities.

The firm also operates a dealer-to-dealer trading platform and has launched an auction system.

TD recently outlined plans to relocate its Australian sales and trading operations to Singapore but says it will continue to provide pricing and other services to domestic institutional investors.

Matt Barron, head, fixed income distribution, Asia Pacific, TD, says: "TD is dedicated to sustaining our current level of service to Australian and New Zealand clients and views our partnership with Yieldbroker as an important component of this service."

Separately, Yieldbroker says the Reserve Bank of Australia (RBA) will begin using its auction system to conduct open market operations in long-end semi government securities. The system will become available for RBA open market operations from 1 July.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

RBC and UBS take stakes in Yieldbroker

RBC and UBS take stakes in Yieldbroker

25 July 2008  |  4927 views  |  0 comments

Related company news


Related company information

JPMorgan Chase

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit http://info.nice.comvisit www.swift.com/your-needs/instant-payments

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
10573 views comments | 14 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
9825 views 3 | 8 tweets | 1 linkedin
Coinbase and Visa at loggerheads over erroneous charges on customer crypto accountsCoinbase and Visa at loggerheads over erro...
8880 views comments | 13 tweets | 13 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
7615 views comments | 15 tweets | 26 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job