TD Asset Management (TDAM), a Toronto-based asset manager and member of the Toronto-Dominion Bank Group, implements Beacon Platform technology.
Beacon says its buy-and-build model will be used by TDAM to develop a more flexible pricing and risk management system.
“The combination of Beacon’s fundamental models and TDAM’s proprietary models and analytics provides the scale and flexibility needed to model and manage commodity trading activities, including risk management and pre-trade operations, by real-time and post-trade,” explains the technology provider.
“Transparent source code should allow TDAM to maintain full visibility into all functionality and ownership of its intellectual property,” he adds.
Jeff Robertson, TDAM’s Head of Retail Distribution, Enablement and Operations, comments that the vendor’s “complete end-to-end functionality” helps TDAM build new features faster and improve customer management systems. risks.
“We gain much greater scale by integrating Beacon with our existing systems from the start,” he says.
Founded in 2014 and based in New York, USA, Beacon says it was “born from decades of collective experience developing trading and risk management systems for Bank of America Merrill Lynch, JPMorgan Chase and Goldman Sachs”.