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.
__________________________
[1] Investor Economics, Market Share Report, June 30th, 2016
SOURCE TD Wealth
