Upgrade to derivatives system dents trading revenue at TD

- Louie Woodall
- 06 Dec 2019

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

TD Bank souped up its derivatives valuation system in the three months to end-October. The upgrade cost C$96 million ($72 million), eating into the revenues of its wholesale banking division.

Total trading-related revenue for the unit was C$411 million for the quarter, down 17.8% on the previous quarter and 15.1% a year ago. Executives said the cost of the systems change were taken from the fixed income revenue line specifically. Interest rate and credit revenues were C$150 million, down 29.9%

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to print this content. Please contact info@risk.net to find out more.

You are currently unable to copy this content. Please contact info@risk.net to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@risk.net