TD Asset Management signs for Beacon Platform’s tech
TD Asset Management (TDAM), a Toronto-based asset manager and member of the Toronto-Dominion Bank Group, is implementing Beacon Platform’s technology.
Beacon says its buy and build model will be utilised by TDAM to develop a more flexible pricing and risk management system.
“The combination of Beacon’s foundational models and TDAM’s proprietary models and analytics provides the scale and flexibility to model and manage commodities trading business including pre-trade, real- time, and post-trade risk management and operations,” the tech provider explains.
“Transparent source code should allow TDAM to retain full visibility of all functionality and ownership of its intellectual property,” it adds.
Jeff Robertson, head of retail distribution, enablement, and operations at TDAM, comments that the vendor’s “comprehensive front to back functionality” helps TDAM to build new functionality faster and enhance risk management systems.
“We gain far greater scale while integrating Beacon with our existing systems right out of the gate,” he says.
Founded in 2014 and based in New York, US, Beacon says it was “borne from decades of collective experience developing trading and risk management systems for Bank of America Merrill Lynch, JPMorgan Chase and Goldman Sachs”.