Products January 7, 2011

TD Ameritrade Working Toward Better Integration

TD Ameritrade Institutional has been collaborating with third-party technology providers in order to open its Application Programming Interface (API) with its VEO management platform.   
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By opening its API to third-party technology programmers, TD Ameritrade says the many programs advisers use (for customer relationship management (CRM), financial planning, and portfolio management software), will be able to be used in tandem with VEO, its trading and account management platform.

“Taking an open approach to technology integration supports our commitment to help advisors run more efficient and profitable practices by allowing them to use the software and tools that meet the unique needs of their firms,” said Tom Bradley, president of TD Ameritrade Institutional.

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More than a dozen technology providers have participated in the initial planning and development process, providing feedback on best practices to create an integration methodology.  Initial integration will include accessing critical data such as client balances, positions, and account alerts across applications. The next level of integration will involve expanding capabilities to include transactional functionality such as trading.

Compliance January 7, 2011

U.S. Representative Introduces Bill to Repeal Dodd-Frank

Representative Michele Bachmann (R-Minnesota) has introduced new legislation, H.R. 87, to repeal the Dodd-Frank financial reform bill.
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“Dodd-Frank grossly expanded the federal government beyond its jurisdictional boundaries. It gave Washington bureaucrats the power to interpret and enforce the legislation with little oversight,” Bachmann said in a press release. “Dodd-Frank also failed to address the taxpayer-funded liabilities of Fannie Mae and Freddie Mac. Real financial regulatory reform must deal with these lenders who were a leading cause of our economic recession.”  

The financial reform bill signed into law last July included additional rules pertaining to investment advisers (see “Advisers Should Take Note of Financial Reform Bill Provisions“) as well as corporate governance provisions (see “Companies Need to Prepare for Pay and Governance Rules“).

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