TD Waterhouse has completed its acquisition of OMX Securities, a provider of outsourced clearing and settlement services.
OMX Securities will rebrand and commence trading as TD Waterhouse Corporate Services (Europe) with effect from 2 November 2009.
In 2009, TD Waterhouse has increased its share in online-brokerage Internaxx to 75%, and reached an agreement to acquire the online sharedealing business of independent stockbroker Hoodless Brennan, following the companys decision to withdraw from execution-only share dealing services.
TD Waterhouse also launched an online trading service in Ireland, which went live in September.
According to a Financial Times report in August, TD Waterhouse also plans to launch in the Netherlands early next year.
OMX will continue to operate out of its base in Birmingham and Angus Macdonald will continue to be responsible for all business functions under the new title of CEO of TD Waterhouse Corporate Services (Europe).
Giles TurnerNews Editor