The TRADE sits down with Matthew Schrager, managing director and co-head of TD Securities Automated Trading, to discuss what should be front of mind when it comes to increased adoption of automated trading, the growing role of AI in markets, and the key market structure changes to bear in mind throughout 2025, and beyond.
Specifically, a former TD Securities trader was found to have spoofed the US Treasury cash securities market; the SEC has ruled that the firm “lacked adequate controls and that it failed to take reasonable steps to scrutinise the trader”.
The move follows a previous collaboration between the parties which saw TD Securities’ Chicago-based subsidiary TDSAT use Google Cloud’s Kubernetes Engine (GKE) capabilities.
TD Securities’ clients will be able to access and analyse all their trading data, increasing transparency and engagement for all parties, through the use of Tradefeedr’s unified data API.