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Despite being a highly regulated industry, equity trading has consistently been at the forefront of technological innovations in the financial services sector. However, when it comes to agents and AI applications, many banks have taken a more cautious approach to adoption.
TD Securities, the equity and securities trading arm of TD Bank, rolled out its TD AI Virtual Assistant on July 8, aimed toward its front office institutional sales, trading and research professionals to help them manage their workflow.
TD Securities CIO Dan Bosman told VentureBeat that the virtual assistant’s primary goal is to help front-office equity sales and traders gain client insights and research.
“The first version of this began as a pilot, which we then subsequently scaled,” Bosman said. “It’s really about accessing that equity research data that our analysts put out and bringing it to the hands of the sales team in a way that’s sales-friendly.”
