TD Securities announced an investment in data services and analytics using Bloomberg Enterprise Data content and services to boost the broker’s advanced analytics, AI and machine learning platforms.
“The importance of data quality and its management is revolutionizing capital markets and has become increasingly more critical in all aspects of how we operate and serve our clients,” said Rajesh Tolani, head of Business Innovation and chief data officer for TD Securities, in a statement. “Access to high-quality data is critical to helping inform business decisions quickly and accurately, allowing us to deliver value to our clients.”
Bloomberg’s Enterprise Data division will provide full access to their data offering, which includes pricing, reference and regulatory datasets, alternative data, event and news data, and liquidity analytics. By using common identifiers across all instruments and legal entities, Bloomberg’s data content is seamlessly linked.
Bloomberg will also provide access to data discovery and management tools including, Enterprise Access Point, Bloomberg’s data marketplace and Hypermedia API, and Data License+, a managed service which aggregates data offered by Bloomberg into a single dataset and allows users to easily explore and interact with the data through a web-based interface.
Gerard Francis, global head of Enterprise Data at Bloomberg, said in a statement: “Bloomberg’s unified data model allows TD Securities to easily build relationships across all our datasets and our innovative data tools allow them to easily manipulate data to accomplish their analytical and quantitative objectives.”