TD Securities Prime Brokerage Now Live with a Managed Risk Service Hosted by Algorithmics

Toronto, Canada - September 12, 2006 -

TD Securities and Algorithmics today announced that TD Securities Prime Brokerage has gone live with a managed services deployment of Algorithmics' market-leading risk management platform Algo Risk. This offering allows TD Securities to access Algo Risk, and to then make available the analytics produced by Algo Risk to TD Securities clients.

"We see this as a very significant addition to our Prime Brokerage offering in keeping with our commitment to continuously enhance our technology," says Lionel de Mercado, Managing Director and Global Head, Equity Finance, TD Securities. "Our clients indicate that risk analytics are important to them and, working with Algorithmics, we have been able to deliver a solution."

"We are very excited about our newly-launched managed services offering, and its risk and portfolio construction capabilities," says Dr. Andrew Aziz, Managing Director, Risk Solutions for Algorithmics. "This deployment gives TD Securities access to sophisticated risk management tools without the cost of ownership associated with supporting a complex infrastructure."

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 Prime Brokerage group provides money managers with the flexibility to trade with multiple brokers while consolidating one master account with TD Securities. This centralized service allows clients to focus on portfolio management and building their business while leaving the operational and administrative functions to TD Securities. Our Prime Brokerage team is distinguished by its quality of client service, its integrity and its experience in the industry. Clients work with highly qualified specialists who are committed to understanding their particular business objectives and investment strategies. Through these specialists, Prime Brokerage clients have access to other services and solutions offered by TD Securities, including research, strategies and trade execution, strong operational support, structured finance and tax structuring. To learn more about TD Securities, visit www.tdsecurities.com.

About Algorithmics
Founded in 1989, Algorithmics is recognized as the world's leading provider of enterprise risk management solutions and services that enable financial institutions to effectively understand and manage their financial risk. Algorithmics has over 300 clients, including more than 70 of the 100 largest financial institutions in the world. Algorithmics was voted as the leading enterprise risk solution provider for Basel II, market risk, credit risk, operational risk and collateral management in Risk magazine's 2005 Technology Rankings. Algorithmics is a member of the Fitch Group.

About Fitch Group
Fitch Group is the parent company of Fitch Ratings, a leading global rating agency committed to providing the world's credit markets with accurate, timely and prospective credit opinions. Fitch Ratings is dual-headquartered in New York and London, operating offices and joint ventures in more than 50 locations and covering entities in more than 80 countries. Fitch Group is a subsidiary of Fimalac, S.A., an international business support services group listed and headquartered in Paris, France.

© 2006 ALGO, ALGORITHMICS, AI & design, MARK-TO-FUTURE, ALGO CAPITAL, ALGO COLLATERAL, ALGO CREDIT, ALGO MARKET, ALGO OPVANTAGE, ALGO RISK, and ALGO SUITE are trademarks of Algorithmics Trademarks LLC.