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TD Securities partners in historic initiative to help Canadian industry reduce greenhouse gas emissions
TORONTO, May 30 /CNW/ - TD Securities announced it will be a market maker for the new Canadian Carbon Future contract introduced today on the Montreal Climate Exchange, a joint venture of the Montreal Exchange and the Chicago Climate Exchange. By providing market liquidity, TD Securities will aid a wide cross-section of industry participants in meeting greenhouse gas emission reduction targets. TD is the only Canadian market maker involved in this historic initiative. "TD Securities is very pleased to extend its relationship with the Montreal Climate Exchange through participation in the emerging GHG emissions market" said Bimal Morjaria, Vice Chair and Global Head, Equity and Energy Derivatives, TD Securities. "We're committed to our role as the market leader in the exchange traded derivatives market in Canada." The first regulated environmental market future in Canada, the Carbon Future contract will provide a pricing mechanism for carbon emissions in Canada. Initially there will be four futures listed with expiries ranging from June 2011 to March 2012. The future is based on 100 Canada carbon dioxide equivalent (CO(2)e) units. "Our partnership with the Montreal Climate Exchange is one component of our overall environmental strategy," added Mike Pedersen, Group Head Corporate Operations, TD Bank Financial Group. "To reduce our own emissions we're working hard to ensure our Canadian operations are carbon neutral in 2010, and TD is the first major bank in Canada to adopt this goal. We're also committed to the environment at the local level through our TD Friends of the Environment Foundation, which has given $45 million to fund 17,000 grassroots environment projects since its inception 18 years ago." About TD Securities TD Securities is a trademark of The Toronto-Dominion Bank representing TD Securities Inc., TD Securities (USA) LLC, TD Securities Limited and certain corporate and investment banking activities of The Toronto-Dominion Bank. TD Securities provides a wide range of capital market products and services to corporate, government and institutional clients who choose us for our knowledge, innovation and experience in the following key areas of finance: Investment and Corporate Banking, Capital Markets, Interest Rate, Currency and Derivative Products. TD Securities works with clients around the world and our 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. To learn more about TD Securities, visit www.tdsecurities.com. About TD Bank Financial Group The Toronto-Dominion Bank and its subsidiaries are collectively known as TD Bank Financial Group. TD Bank Financial Group is the seventh largest bank in North America by branches and serves approximately 17 million customers in four key businesses operating in a number of locations in key financial centres around the globe: Canadian Personal and Commercial Banking, including TD Canada Trust; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade; U.S. Personal and Commercial Banking through TD Banknorth and Commerce; and Wholesale Banking, including TD Securities. TD Bank Financial Group also ranks among the world's leading on-line financial services firms, with more than 5.5 million on-line customers. TD Bank Financial Group had CDN$503.6 billion in assets as of April 30, 2008. The Toronto-Dominion Bank trades on the Toronto and New York Stock Exchanges under the symbol "TD", as well as on the Tokyo Stock Exchange.
For further information: Julia Koene, Corporate Communications, TD Bank Financial Group, (416) 307-8664 or firstname.lastname@example.org
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