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Exhibit 21.1

|                                                      |                                                  |                                         |                 | Jurisdiction of
|----------------------------------------------------- | ------------------------------------------------ | --------------------------------------- | --------------- | ---------------
|Subsidiaries                                          |                                                  | Incorporation                          
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|Marketware International, Inc.                        |                                                  |                                         | Delaware, U.S.  |                
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|National Investor Services Corp.                      |                                                  |                                         | Delaware, U.S.  |                
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|TD Waterhouse Advertising, Inc.                       |                                                  |                                         | New York, U.S   |                
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|TD Waterhouse Asset Management, Inc.                  |                                                  |                                         | Delaware, U.S.  |                
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|TD Waterhouse European Acquisition Corporation        |                                                  |                                         | Delaware, U.S.  |                
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|                                                      | TD Waterhouse Holdings Europe B.V                |                                         |                 | Netherlands    
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|                                                      |                                                  | The Bank of TDW and BGL                 |                 |                
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|TD Waterhouse Holdings (Australia) Pty Ltd            |                                                  |                                         | Australia       |                
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|                                                      | TD Waterhouse Investor Services Limited          |                                         |                 | Australia      
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|                                                      |                                                  | TD Waterhouse Nominees Pty Ltd          |                 |                
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|                                                      |                                                  | TD Waterhouse Pty Ltd                   |                 |                
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|                                                      |                                                  | Pont Nominees Pty Ltd                   |                 |                
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|                                                      |                                                  | Pont Securities Nominees No.2 Pty Ltd   |                 |                
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|                                                      |                                                  | Green Line Nominees Pty Ltd             |                 |                
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|TD Waterhouse Investor Services (Canada) Inc.         |                                                  |                                         | Ontario, Canada |                
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|TD Waterhouse Investor Services (Hong Kong) Inc.      |                                                  |                                         | Ontario, Canada |                
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|TD Waterhouse Investor Services (Hong Kong) Limited   |                                                  |                                         | Hong Kong       |                
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|TD Waterhouse Investor Services, Inc.                 |                                                  |                                         | New York, U.S.  |                
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|TD Waterhouse Investor Services (UK) Limited          |                                                  |                                         | England         |                
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|                                                      | TD Waterhouse Investor Services (Europe) Limited |                                         |                 | England        
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|                                                      |                                                  | Share Exchange Limited                  |                 |                
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|                                                      |                                                  | Sharemarket Limited                     |                 |                
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|                                                      |                                                  | TD Waterhouse Nominees (Europe) Limited |                 |                
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|                                                      |                                                  | Dealwise Limited                        |                 |                
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|                                                      | YorkSHARE Limited                                |                                         |                 | England        
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|                                                      |                                                  | YorkSHARE Nominees Limited              |                 |                
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|TD Waterhouse Pacific Ltd.                            |                                                  |                                         | Mauritius       |                
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|                                                      |                                                  | Tata TD Waterhouse Securities Limited   |                 |                
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|TD Waterhouse Securities Services (Hong Kong) Limited |                                                  |                                         | Hong Kong       |                
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|TD Waterhouse Sub Limited                             |                                                  |                                         | Ontario         |                
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|Tokyo-Mitsubishi TD Waterhouse Securities Co., Ltd.   |                                                  |                                         | Japan           |