just now
November 14, 2023 - TD Direct Investing (DI) announced the introduction of TD Active Trader, a new online trading platform catering to active traders. The new TD Active Trader features advanced functionality for trading U.S. securities and options strategies, combining advanced order capabilities, intricate options strategy handling, and state-of-the-art charting tools.
Developed on a cloud-based framework, TD Active Trader allows users to tailor the platform to their specific requirements. The platform's design, influenced by trader input, focuses on a streamlined trading experience, advanced digital charting, and customisable workspaces, aiming to provide a sophisticated and dependable environment for portfolio management.
Scott Ignall, Senior Vice President, Direct Investing and Delivery, TD Bank Group, commented on the launch: "We are thrilled to launch TD Active Trader and provide our clients with one of the most advanced trading platforms in the market. As Canada's largest online brokerage*, innovation is a key priority for DI and we are investing to give our clients best-in-class technology and deliver a legendary trading experience," said Scott Ignall, Senior Vice President, Direct Investing and Delivery, TD Bank Group. "We built this powerful and advanced platform from the ground-up, giving us the ability to invest in and modernize the platform to meet our clients' needs. We are thrilled to bring our clients this next-generation trading platform, customized for what they want and need and to revolutionize the way they invest.."
TD Active Trader's key features include:
- Complete Customisation: A range of professional-grade trading tools and resources, fully adaptable to individual preferences.
- Advanced Order Types: Capability to execute complex multi-leg options strategies, including 3 and 4 leg options.
- Enhanced Charting: Tools to analyse, compare, and track investment options, offering over 100 technical indicators, multi-stock viewing, and customisable alerts.
With the addition of TD Active Trader, DI clients gain access to an extensive array of trading platforms, supplemented by the TD Direct Investing Learning Centre. This Centre offers a variety of educational resources, including webinars, free online Master Classes, and personalised content tailored to clients' learning interests.
Ignall expressed excitement about the platform's potential impact: "TD Active Trader will be a game changer for the industry and we cannot wait for clients to experience it," continued Ignall. "With this powerful new platform, clients get access to elite-level trading tools backed by industry-leading education, and a dedicated trading desk."
*Based on account volume, revenue, assets under administration and trading volume of Online/Discount Brokerage firms in Canada as reported by Investor Economics in the "Online/Discount Brokerage Market Share Report" for the quarter ending June 2023.
