TD Bank Group Acquires Headlands Tech Global Markets

March 23, 2021

Toronto-Dominion Bank (TD) has agreed to acquire Headlands Tech Global Markets, LLC, a Chicago-based quantitative fixed-income trading and market-making business. The 15-person team and proprietary electronic trading platform will join TD Securities to strengthen its electronic bond trading infrastructure across municipal and investment-grade corporate bonds; the deal is expected to close mid-2021 subject to regulatory approvals.

Buyers
TD Bank Group (Toronto-Dominion Bank)
Targets
Headlands Tech Global Markets, LLC
Sellers
Headlands Tech Holdings, LLC
Location
Illinois, United States
Transaction Type
Buyout

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