First Canadian bank to introduce offering to
self-directed investors
TORONTO, Oct. 26, 2016 /CNW/ - TD Direct Investing
announced today the addition of 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're 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, 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 up-front 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, pre-determined trade order executions,
rather than making on-the-spot decisions or missing out
altogether", adds 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."
For more information about TD Direct Investing,
visit tddirectinvesting.ca.
About TD Direct Investing
TD Direct Investing is
Canada's largest online
broker[1], a division of TD Waterhouse Canada Inc.,
a subsidiary of The Toronto-Dominion Bank.
About TD Bank Group
The Toronto-Dominion Bank and its
subsidiaries are collectively known as TD Bank Group ("TD" or the
"Bank"). TD 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, including TD Canada Trust, TD
Auto Finance Canada, TD Wealth (Canada), TD Direct Investing, and TD
Insurance; U.S. Retail, including TD Bank, America's Most
Convenient Bank®, TD Auto Finance U.S., TD Wealth (U.S.), and an
investment in TD Ameritrade; and Wholesale Banking, including TD
Securities. TD also ranks among the world's leading online
financial services firms, with approximately 10.8 million active
online and mobile customers. TD had CDN$1.2 trillion in assets on July 31,
2016. The Toronto-Dominion Bank trades under the symbol "TD" on
the Toronto and New York Stock Exchanges.
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[1] Investor Economics, Market Share Report,
June 30th, 2016
SOURCE TD Wealth