TD Securities and Google Cloud have entered into a strategic multi-year relationship which will see TD leverage Google’s infrastructure in order to more quickly rollout and develop its offerings.
Specifically, TD is set to enhance and further innovate banking experiences for clients through adding Google Cloud services to its portfolio of technology solutions.
The move follows a previous collaboration between the parties which saw TD Securities’ Chicago-based subsidiary TD Securities Automated Trading (TSAT) use Google Cloud’s Kubernetes Engine (GKE) capabilities in a bid to keep up with market developments.
Dan Bosman, senior vice president and chief information officer at TD Securities and treasury and balance sheet management (TBSM), explained: “Google Cloud’s features are very well-suited to our business and provide a secure and scalable infrastructure that can support compute-intensive quantitative analysis, with an elevated developer experience.
“Google Cloud’s capabilities have helped us grow TDSAT’s trading volumes and portfolio size, and optimally serve our global clients. Additionally, the Google Cloud team has been truly collaborative, providing the resources we needed to help our technology integration process be as seamless as possible.”
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The partnership will also allow TD to benefit from Google Cloud’s engineering support, including access to Google’s global network of engineers in order to optimise product use in a highly regulated environment.
Matt Renner, president, global field organisation, for Google Cloud, said: “Our multi-year strategic relationship with TD will leverage the power of Google Cloud’s secure cloud infrastructure and world class engineering talent with the goal of driving new levels of agility, customer-centricity, and engineering innovation to more easily adapt and respond to the changing needs of TD customers.”