TD Centralizes Canadian Dollar Business In Toronto From Far East

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As a move towards centralization of its processing and risk management, Toronto Dominion (TD) last week announced plans to shift its Canadian dollar spot and forward trading and institutional sales for the Far Eastern time zone to Toronto from December 1, officials say. The decision is designed to "take better advantage of improved technology capabilities", say officials.

TD is transferring a three-strong group from Tokyo to operate spot and forward trading and institutional sales from the To