TD Securities
Calypso Benefits
- Front to back integration to enable an efficient flow business
- Sophistication to run a structured business
- Out of the box functionality to allow customizations as the business expands
About TD Securities
TD Securities provides a wide range of capital market products and services to corporate, government and institutional clients who choose us for our knowledge and experience in five key areas of finance:
Investment Banking, Debt Capital Markets, Institutional Equities Private Equity, Foreign Exchange & Money Market
TD Securities’ Challenges
TD Securities was experiencing considerable success in its credit derivatives business and was set to continue along this path as the market continued to expand at a rapid rate. The bank evaluated its existing software infrastructure and found it would not be able to meet the future demands of the credit derivatives business. TD Securities had to be prepared to support this growth, and so opted to invest in a complete credit derivatives solution.
TD Securities’ Goals
The bank had several requirements from both the flow and the structured credit groups. The flow business was experiencing volume growth and therefore needed a software infrastructure to support this. The system also needed to enable efficient trade capture and STP, to reduce per trade costs.
TD Securities’ structured business focuses on providing value-added solutions to clients and, as such, needed a supporting system that enabled them to offer customized products. These products needed to be efficiently valued using sophisticated pricing models.
Calypso Solution
Calypso’s credit derivatives solution was selected, as it could offer tight front to back integration that enabled the flow business to run efficiently, as well as the sophistication for the structured business. The core functionality for credit derivatives was provided out of the box, while the bank had the option to customize the solution as their business expanded.
TD Securities is a trademark of the Toronto Dominion Bank