TD Ameritrade Holding Corp. plans to be a buyer as consolidation continues in the online brokerage market, according to its chief financial officer.

"When the market hits a difficult patch, you start seeing companies that are unable to protect themselves or protect their income," said Bill Gerber, the CFO. "Those companies become a lot more willing to discuss a merger or a buyout when they are under a significant amount of pressure from shareholders. I think time will tell where those opportunities play out, but we are definitely in a position to buy."

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