Bloomberg selected to help enable data
strategy
TORONTO, Dec. 10, 2020 /CNW/ - High-quality, comprehensive
and integrated data that is accessible, shareable and utilized
effectively across our TD Securities organization is critical to
supporting the evolving needs of our clients.
TD Securities today announced an investment in data services and
analytics using Bloomberg Enterprise Data content and services.
Bloomberg is a global leader in providing business and financial
data, news and insights. Access to its extensive catalog of
comprehensive, market-leading datasets and robust data management
tools will help strengthen TD Securities' advanced analytics, AI
and machine learning platforms.
"The importance of data quality and its management is
revolutionizing capital markets and has become increasingly more
critical in all aspects of how we operate and serve our clients,"
says Rajesh Tolani, Head of Business
Innovation and Chief Data Officer for TD Securities. "Access to
high-quality data is critical to helping inform business decisions
quickly and accurately, allowing us to deliver value to our
clients."
Working with Bloomberg's full suite of data products and tools,
TD Securities will now leverage and incorporate more comprehensive
data into its advice as clients seek more meaningful insights from
advanced data and analytics.
"Embracing the power of data and technology while keeping our
clients at the centre of the experience is helping accelerate our
own digital adoption and transformation while strengthening our
competitiveness," says Ty
Panagoplos, Chief Information Officer for TD Securities. "At
the same time, we continue to add talent to our bench of great
people giving us significant momentum to our digital
transformation."
As part of TD Securities' digital transformation
to build a strong data foundation and a fully integrated
approach to comprehensive advice for clients, Bloomberg's
Enterprise Data division will provide full access to their data
offering, which includes high-quality pricing, reference and
regulatory datasets, alternative data, event and news data, and
liquidity analytics. By using common identifiers across all
instruments and legal entities, Bloomberg's data content is
seamlessly linked. Bloomberg will also provide access to data
discovery and management tools including, Enterprise Access Point,
Bloomberg's data marketplace and Hypermedia API, and Data License+,
a managed service which aggregates data offered by Bloomberg into a
single dataset and allows users to easily explore and interact with
the data through a web-based interface.
"As the working environment evolves, the industry journey
towards digitization is also accelerating, TD Securities is leading
the way with its technology strategy and prioritization of data
science," says Gerard Francis,
Global Head of Enterprise Data at Bloomberg. "Bloomberg's unified
data model allows TD Securities to easily build relationships
across all our datasets and our innovative data tools allow them to
easily manipulate data to accomplish their analytical and
quantitative objectives. We look forward to working together with
TD Securities as it continues to develop its cutting-edge use of
data."
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, innovation and experience in the following key areas of
finance: investment, corporate and government banking, capital
markets, interest rate, currency and derivative products. TD
Securities works with clients around the world and our services
include the underwriting and distribution of new debt and equity
issues, providing advice on strategic acquisitions and
divestitures, and executing daily trading and investment needs. To
learn more about TD Securities, visit www.tdsecurities.com.
About Bloomberg
Bloomberg, the global business and
financial information and news leader, gives influential decision
makers a critical edge by connecting them to a dynamic network of
information, people and ideas. The company's strength – delivering
data, news and analytics through innovative technology, quickly and
accurately – is at the core of the Bloomberg Terminal. Bloomberg's
enterprise solutions build on the company's core strength:
leveraging technology to allow customers to access, integrate,
distribute and manage data and information across organizations
more efficiently and effectively. For more information, visit
www.bloomberg.com or request a demo.
SOURCE TD Bank Group