Trading solutions provider Townsend Analytics has integrated broking firm TD Securities’ algorithms and electronic execution services for Canada and the US into its RealTick execution management system.
As a result, clients of both firms can directly route algorithmic and direct market access (DMA) orders for Canadian and US equities and equity options to TD Securities using RealTick.
TD Securities offers access to seven algorithmic strategies for the Canadian equity markets on RealTick. These strategies are optimised to the liquidity profile of the Canadian marketplace and are customisable; traders can adjust inputs on each strategy allowing them to tailor their execution style to market conditions and trading goals. TD Securities also offers direct market access to all major equity and option exchanges in North America through RealTick.
“We are committed to providing our clients with complete solutions for all their trading needs, so being able to offer algorithms, equity and option DMA, and program trading through RealTick helps us meet our goals and the goals of our clients,” said Ray Tucker, managing director of TD Securities’ alternative execution group, in a statement.
Thomas Kim, managing director and global head of trading services at Townsend Analytics, added, “Canada is a strong market, supported by a bullish commodity cycle and an appreciating currency, so we’re pleased our clients can now benefit from the expertise and direct execution capabilities offered by TD Securities.”