A subsidiary of Toronto-Dominion Bank, TD Securities, Inc. is a broker/dealer headquartered in Toronto, Ontario. The firm provides a wide range of capital market products and services to corporate, government and institutional clients in five areas of finance including: investment banking, debt capital markets, institutional equities, foreign exchange and money market. Their services include the underwriting and distribution of new debt and equity issues, providing advice on strategic acquisitions and divestitures and executing daily trading and investment needs. TD Securities' equity group provides research coverage of media and communications, technology, financial services, oil and gas, mining and metals, industrial products, forest products, technology, utilities and power, real estate, biotechnology, consumer products and merchandising and quantitative analysis strategy. The firm's fixed-income group provides a full range of underwriting sales and trading products for Canadian, U.S. and European debt issuers and investors.