"Algo Risk will enhance our ability to provide best-in-class services to our Prime Brokerage hedge fund clients," said Lionel deMercado, managing director and global head, equity finance for TD Securities. "Algo Risk's open and flexible platform, along with their expertise, will help us to position this important business segment for future growth."
"Increasingly, hedge funds are seeking cost effective yet sophisticated solutions for monitoring their risk exposures across a broad range of investment strategies," said Dr. Andrew Aziz, vice president of market risk and buy-side solutions for Algorithmics. "We are pleased to be delivering Algo Risk to TD Securities and adding value to the services they provide to their Prime Brokerage hedge fund clients."
