The Toronto-Dominion Bank completed the previously announced acquisition of Headlands Tech Global Markets, LLC (“Headlands”), a Chicago-based quantitative fixed income trading company.
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The transaction adds capabilities to TD’s existing infrastructure as Headlands has developed proprietary software to deliver fully automated electronic market-making in municipal and investment grade corporate bonds.
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“This acquisition underscores our commitment to offer innovative technology that elevates and augments our suite of products and services,” said Moti Jungreis, Vice Chair and Head of Global Markets, TD Securities. “We welcome the Headlands team to TD Securities and I know that uniting our organizations will allow us to deliver continued innovation and value for our clients.”
