Six leading dealers demonstrate commitment to CanDeal

MONTREAL/TORONTO, November 4, 2014 – CanDeal is pleased to announce that effective November 1st, 2014 its original six founding bank dealers have renewed their liquidity commitment to CanDeal’s marketplace.

The six bank dealers include: BMO Capital Markets, CIBC World Markets Inc., National Bank Financial, RBC Capital Markets, Scotiabank and TD Securities.

A total of twelve liquidity providers, including all of the Bank of Canada’s Primary Dealers, extend their market making, on CanDeal, to more than 750 global buy-side participants.

CanDeal has been a pioneer and an innovator in delivering world class solutions for electronic trading of Canadian dollar bond, derivatives and money markets. As a fully Canadian owned and regulated marketplace, participants are assured of the utmost level of confidentiality, privacy, service and the adherence to the highest standards reflective of Canada’s safe and sound financial system.

The fully integrated workflow solutions provided to participants, increases the efficiency of the entire trade cycle, mitigates risk and delivers valuable, insightful business intelligence that is unavailable elsewhere.

“We have worked with our buy- and sell-side partners for more than a decade to evolve electronic trading in a way that suits the needs of the Canadian dollar marketplace and participants,” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “Our approach has always been collaborative to ensure we continually deliver value. Once again, we would like to extend our appreciation to all of our participants and partners for their support and guidance.”

On, May 16, 2014 CanDeal volumes surpassed the $10 Trillion threshold, truly demonstrating that CanDeal is: Where the Market Comes to Trade!

 

About CanDeal
CanDeal is the leading electronic marketplace for Canadian dollar fixed income securities and derivatives (www.candeal.com). Institutional investors from around the globe gain direct access to a network of leading dealers, including all of Canada’s Primary Dealers. Participants are provided with optimal transparency, operational efficiencies and unique business intelligence data. CanDeal’s shareholders include: BMO Nesbitt Burns Inc., CIBC World Markets, National Bank Financial Inc., RBC Capital Markets, Scotia Capital, TD Securities and TMX Group. CanDeal also offers Canadian institutional investors and investment dealers’ electronic access to liquidity in additional debt and derivative marketplaces operated by Tradeweb Markets LLC in the United States and Europe.

For more information, contact:

Andrew Kearney
Marketing Manager
CanDeal
(416) 814-7815
www.candeal.com