New York, October 04, 2022 – Beacon Platform Inc. is pleased to announce that Toronto based TD Asset Management Inc. (TDAM), a leading Canadian asset manager with an expanding global presence, is deploying Beacon’s innovative financial technology platform to build new capabilities and scale existing workflows.
Beacon’s buy and build model will be utilized by TDAM to accelerate its development of a more flexible pricing and risk management system with a broad range of instruments and analytics. 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. Transparent source code should allow TDAM to retain full visibility of all functionality and ownership of its intellectual property.
“Our selection of Beacon enables us to build new functionality faster and enhance our risk management systems. By utilizing Beacon’s comprehensive front to back functionality, we gain far greater scale while integrating Beacon with our existing systems right out of the gate,” said Jeff Robertson, Head of Retail Distribution, Enablement and Operations, TD Asset Management.
“As TDAM continues modernizing its strategic technology, Beacon is pleased to play a critical role in helping the company introduce new businesses and migrate existing systems to a more integrated, scalable, and cloud-native platform. We are working together to integrate data, customize instruments, ingest trade positions, and train TDAM developers to accelerate their time to market,” said Mark Ayzenberg, Head of Sales, Americas, Beacon Platform Inc.
About TD Asset Management Inc.
TD Asset Management Inc. (“TDAM”), a member of TD Bank Group, is a North American investment management firm. TDAM offers investment solutions to corporations, pension funds, endowments, foundations, and individual investors. TDAM manages assets on behalf of almost two million retail investors and offers a broadly diversified suite of investment solutions including mutual funds, professionally managed portfolios, and corporate class funds. Asset management businesses at TDAM manage $434 billion in assets. Aggregate statistics are as of March 31, 2022 for TDAM and Epoch Investment Partners, Inc. TD Asset Management operates through TD Asset Management Inc. in Canada and through Epoch Investment Partners, Inc. in the United States. Both are wholly-owned subsidiaries of The Toronto-Dominion Bank.
Beacon Platform moves financial markets into the future with secure and scalable quant technology, elastic cloud infrastructure, and front-office applications. The integrated development environment and a web application framework make developing applications faster and easier. Borne from decades of collective experience developing trading and risk management systems for Bank of America Merrill Lynch, JPMorgan Chase, and Goldman Sachs, Beacon Platform gives you the robustness and flexibility of these powerful tools. See if you can increase the return on research and development investments from Beacon’s next-generation platform for enterprise-scale analytics, trading, risk management, and more at www.beacon.io.