18:09:02 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Toronto-Dominion Bank
Symbol TD
Shares Issued 1,855,907,984
Close 2016-10-26 C$ 60.63
Market Cap C$ 112,523,701,070
Recent Sedar Documents

TD Direct adds conditional order types to WebBroker

2016-10-26 12:09 ET - News Release

Mr. Calvin MacInnis reports

TD DIRECT INVESTING LAUNCHES CONDITIONAL ORDER TYPES; FIRST CANADIAN BANK TO INTRODUCE OFFERING TO SELF-DIRECTED INVESTORS

Toronto-Dominion Bank's TD Direct Investing has added conditional order types to its flagship trading platform, WebBroker. As the first Canadian bank-owned brokerage to bring this offering to market, the new order types will provide self-directed investors with greater control and flexibility in managing their portfolios, even when they are away from their computer.

"Investors look to TD Direct Investing to deliver innovative solutions that empower them to achieve their financial goals, and we're thrilled to be introducing this powerful suite of new order types," said Calvin MacInnis, president of TD Direct Investing. "These are tools that professional traders have enjoyed for a long time and will be a real game changer for retail investors."

The new conditional order types will enable investors to determine entry and exit strategies upfront, and automatically execute their trading plans with greater ease and precision. The abilities range from triggering an order to sell at a higher price once a buy order is completed to more complex order strategies which actively monitor market conditions to automate a sequence of trades in order to limit downside risk or lock in gains.

"The market changes quickly, and investors can now keep up with fully automated, predetermined trade order executions, rather than making on-the-spot decisions or missing out altogether," adds Mr. MacInnis. "Whether you're an active trader or a longer-term investor, our offering of these new order types opens up a lot of possibilities to help achieve your investing goals."

About TD Bank Group

Toronto-Dominion Bank is the sixth-largest bank in North America by branches and serves approximately 25 million customers in three key businesses operating in a number of locations in financial centres around the globe: Canadian retail, U.S. retail and wholesale banking. TD had $1.2-trillion in assets on July 31, 2016.

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