I know TD securities was a middle market firm, but just curious on what people think of the firm, especially now that the Cowen merger closed. Would they be considered a boutique IB? Just wanted to hear thoughts on this merger and what others think of TD securities?
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Marginal improvement TD's IB arm by rounding out weaker areas of the franchise like ECM, also good to get some ER capability for TD which I don't think they had before this? Other than that, don't think it really moves the needle all that much
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