Capital Markets Gateway (CMG), a fintech modernizing the equity capital markets (ECM), announced that TD Securities joined its global underwriter network as an investor and a client. TD Securities becomes part of CMG’s initiative to modernize global ECM workflows, “joining existing investors that include Bank of America, Barclays, Citigroup, Fidelity Investments, Franklin Templeton, Goldman Sachs, J.P. Morgan, Morgan Stanley, Royal Bank of Canada and UBS.”
As one of North America’s largest capital markets institutions, TD Securities brings “expertise across ECM activities.”
By partnering with CMG, TD Securities will “benefit from data intelligence and efficient and collaborative workflows with partners and clients across North America.”
The investment will support CMG’s continued “global expansion and mark another milestone in the firm’s global growth strategy.”
This commitment follows the addition of RBC to CMG’s underwriter network and reinforces CMG’s mission “to serving markets globally with modern technology and connected workflows.”
Greg Ingram, CMG CEO said that their global expansion is now building momentum, and “adding TD Securities reflects demand from industry-leading North American institutions for next-generation ECM technology.”
Ingram added that TD Securities’ involvement “represents another meaningful milestone in their mission to modernize the global primary markets.”
As noted in the update, Capital Markets Gateway (CMG) is described as being a financial technology firm “transforming the equity capital markets (ECM). CMG’s platform connects sell-side firms and the buy side to provide workflow efficiencies throughout the entire ECM offering process.”
CMG helps clients make “decisions with data intelligence solutions that provide real-time offering information, historical data and a single system of record for firm-wide deal activity and compliance.”
Launched back in 2017 by a team of ECM practitioners, the CMG platform is relied on by investment banks and asset managers “representing over $40 trillion in AUM.”