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.
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