TD Securities

kwoksun2000 · April 6th, 2004, 7:20 pm

Hi all, I've been thinking about moving back to Canada to be closer to my family. Does anyone know anything about the quantitative groups or other prop desk at TD Securities? From people that I've talked to, they seem to be one of the better places to work at in Canada. Do they have Convertible Arb desk?

mr97 · April 7th, 2004, 7:57 am

i know that the TD office in london is on a large recruitment drive, particularly in Credit, and the middle office functions.....dont know about Canada, but by some accounts, TD are doing a level of business above that which you'd think.

CarolynT · April 7th, 2004, 6:34 pm

TD? I doubt if how well its business runs.

Javster · April 8th, 2004, 10:27 am

QuoteOriginally posted by: mr97i know that the TD office in london is on a large recruitment drive, particularly in Credit, and the middle office functions.....Mr97, where have the jobs been posted??any help would be appreciated!j

kwoksun2000 · April 9th, 2004, 2:57 am

I also heard a rumor that they don't have a convertible bond arbitrage desk. Are banks moving away form that strategy?

InTheory · April 9th, 2004, 8:24 am

implied volatilities have been dropping over the past couple of years which means that convertible bond issuances are a less attractive prospect for the companies looking to raise cash - and hence new issuances have been down. As a result, CB bond arbitrage desks that rely mainly on high volume and liquidity via new issuances (as one source of potential PnL) have been starved of supply.Bottom line - some banks are moving away from CB arb.

QwertyYuiop · May 15th, 2004, 2:29 am

QuoteOriginally posted by: kwoksun2000Hi all, I've been thinking about moving back to Canada to be closer to my family. Does anyone know anything about the quantitative groups or other prop desk at TD Securities? From people that I've talked to, they seem to be one of the better places to work at in Canada. Do they have Convertible Arb desk?I'm resurrecting this thread. Does anybody have info on the quantitative groups at TD securities in Toronto? I've got an interview coming up, and I'd like a bit of intel before I go in.

kwoksun2000 · May 16th, 2004, 1:19 am

if you don't mind me asking, which group are you interviewing with at TD? did you apply for a specific desk, or is it the overall quant group.

QwertyYuiop · May 17th, 2004, 10:09 pm

It's with their equity derivatives model vetting group.

ppauper · May 17th, 2004, 11:07 pm