Waterhouse Investor Services, the New York-based discount brokerage unit of Toronto-Dominion Bank, has enhanced its on-line offerings.
Last week, Waterhouse added a stock screening capability from MarketGuide, a Lake Success, N.Y., company, said John Mullin, a senior vice president in electronic brokerage development.
MarketGuide provides financial data from more than 10,000 companies, allowing investors to screen stocks based on a number of criteria, said Mr. Mullin. For instance, customers can look up details on market capitalization, industry developments, and performance.
Two weeks ago, Waterhouse started running market updates from Briefing.com, a Burlingame, Calif., company that also provides a market calendar and information on "story stocks," or companies in the news, Mr. Mullin said.
Separately, Waterhouse recently completed its $100 million acquisition of on-line competitor Jack White & Co., San Diego. The deal was announced March 31.
However, it could be next year before Waterhouse completes integration of its own technology with the systems of the one-shop Jack White, said Frank Petrilli, president and chief executive officer of Waterhouse. "Both companies as independent companies built a whole array of technological support that's very different."
Jack White offers an on-line supermarket with roughly 6,400 third-party funds; Waterhouse offers 6,700. In both cases, roughly 1,000 or more of those funds do not carry a transaction fee.
Combined, Waterhouse and Jack White have over 300,000 on-line accounts, Mr. Petrilli said.
