Source: Algorithmics Inc
TD Securities and Algorithmics today announced that TD Securities Prime Brokerage has gone live with a managed services deployment of Algorithmics' marketleading risk management platform Algo Risk.
This offering allows TD Securities to access Algo Risk, and to then make available the analytics produced by Algo Risk to TD Securities clients.
"We see this as a very significant addition to our Prime Brokerage offering in keeping with our commitment to continuously enhance our technology," says Lionel de Mercado, Managing Director and Global Head, Equity Finance, TD Securities. "Our clients indicate that risk analytics are important to them and, working with Algorithmics, we have been able to deliver a solution."
"We are very excited about our newly-launched managed services offering, and its risk and portfolio construction capabilities," says Dr. Andrew Aziz, Managing Director, Risk Solutions for Algorithmics. "This deployment gives TD Securities access to sophisticated risk management tools without the cost of ownership associated with supporting a complex infrastructure."