TD Bank Automates Bond Trading, Boosts Wall Street Presence

TD Bank is using computers to trade bonds instead of people.

This helps them trade more bonds and move up the rankings on Wall Street.

The bank's computer team, which used to be part of a different company, is now in charge of the bank's bond trading.

Because of the switch to computer trading, the bank needs fewer human employees.

This has led to big changes as they use computers for municipal bonds, which had been done by phone.

Although computer trading lowers costs, the bank is still aiming to do more trading and make more money.