Discover the latest software purchases and digital transformation initiatives being undertaken by TD Securities and its business and technology executives. Each quarter our research team identifies on-prem and cloud applications that are being used by the 3000 TD Securities employees from the public (Press Releases, Customer References, Testimonials, Case Studies and Success Stories) and proprietary sources.
During our research, we have identified that TD Securities has purchased the following applications: Murex MX.3 for Treasury Management in 2016, Tier1ACE for CRM in 2011 and the related IT decision-makers and key stakeholders.
Our database provides customer insight and contextual information on which enterprise applications and software systems TD Securities is running and its propensity to invest more and deepen its relationship with Murex, Tier1 or identify new suppliers as part of their overall Digital and IT transformation projects to stay competitive, fend off threats from disruptive forces, or comply with internal mandates to improve overall enterprise efficiency.
We have been analyzing TD Securities revenues, which have grown to $500.0 millions in 2019, plus its IT budget and roadmap, cloud software purchases, aggregating massive amounts of data points that form the basis of our forecast assumptions for TD Securities intention to invest in emerging technologies such as AI, Machine Learning, IoT, Blockchain, Autonomous Database or in cloud-based ERP, HCM, CRM, EPM, Procurement or Treasury applications.
About the Customer
TD Securities is a Canadian investment bank and financial services provider that offers advisory and capital market services to corporate, government, and institutional clients worldwide. They provide expertise in corporate and investment banking, capital markets, and global transaction services. It is the global wholesale banking arm of Toronto-Dominion Bank Financial Group, and has offices in 18 cities worldwide with over 3,000 employees.
Scope and Challenges
With nearly three decades of experience in risk management, Murex has carved out a significant niche in providing integrated applications for multinational banks, regional financial services entities as well as asset managers responsible for vast investment portfolios. Murex has continued to build upon its risk management expertise by launching tools to help clients meet a raft of new regulations and risk management requirements.
Outcome and Implications
TD Securities decided to replace its legacy TRM system, Wall Street Systems (WSS) with Murex 3.1 for all FX Cash products. TD Securities Optimized and enhanced back-office contract, event, and deliverable workflow, along with delivering new functionality to handle the additional global trade volume of approx. 50K/day for both institutional and wholesale business.
|Vendor||Old Product||New Product||Category||Market||Users||VAR/SI||When||Live|
|Murex||ION Wallstreet Suite||Murex MX.3||Treasury Management||TRM||n/a||n/a||2016||2017|
|First Name||Last Name||Title||Phone|
|Subscribe||Subscribe||Vice Chair and Head of Global Enterprise Banking||Subscribe||Subscribe|
|Subscribe||Subscribe||Chief Administrative Officer and Chief Risk Officer||Subscribe||Subscribe|