Category: Uncategorized

  • NULL Résultats du concours Coupon CanDeal de juin 2021

     

    Merci à tous les participants du concours Coupon CanDeal de juin.

    Le gagnant est Daniel Mills de Banque d’Amérique, dont l’estimation égalait presque le chiffre réel! CanDeal a fait un don de 1000 $ en son nom à l’organisme Jack.org. Nous sommes très heureux de soutenir les œuvres de bienfaisance de nos clients et de leur montrer combien nous estimons nos relations avec eux.

    Jack.org est un organisme caritatif national qui forme et autonomise les jeunes leaders pour qu’ils militent pour une meilleure santé mentale dans leurs communautés.

    Nous vous remercions de votre soutien permanent. Félicitations encore à Daniel Mills ainsi qu’à l’organisme Jack.org.

    NULL

  • NULL Prix différé : Le nouvel étalon-or sur les marchés des capitaux canadiens

    Par Rob Kelsall, chef de la négociation, Titres de crédit de CanDeal Markets

    Les marchés financiers canadiens enregistrent un intérêt croissant pour la transition à l’électronique et un plus grand raffinement des outils de négociation qu’utilisent les entreprises. Si ses volumes ne rivalisent pas avec ceux du voisin américain plus grand ni même avec l’activité au Royaume-Uni, le Canada connaît une plus grande adoption de ces outils, ce qui crée une plus grande transparence, une meilleure efficacité des flux d’opérations et de nouvelles occasions à saisir à la fois côté acheteurs et côté vendeurs et se traduit par une mutation palpable de la structure du marché.

    Une des innovations qui a joué un rôle clé dans cette transition est l’introduction de la fonction des prix différés (Deferred Spotting) sur la plateforme Evolution de CanDeal, qui offre un prix de référence commun pour le marché canadien des obligations de sociétés sur lequel les investisseurs et les fournisseurs de liquidité s’entendent. Cette fonction, qui s’appelait auparavant auto spotting, est populaire sur les marchés des capitaux américains depuis plusieurs années. Avec le risque de taux en cours de journée considérable auquel font face les gestionnaires de fonds canadiens, le prix différé de CanDeal donne à 16 h 00 un prix d’exécution utilisant l’écart de taux convenu au préalable et le prix composé de référence consensuel de CanDeal 16 h. Les prix composés de CanDeal ont été rapidement adoptés à l’échelle nationale comme les prix de référence canadiens de facto.

    Lancée en août 2021, la fonction de prix différé de CanDeal est une solution gagnante pour l’ensemble du paysage financier. Ce nouvel « étalon or » dans l’établissement des prix a permis à ses plus de 250 clients, dont une communauté mondiale de près de 1 000 gestionnaires d’investissement de pointe, de parvenir à un prix uniforme et de ne pas être bridés par un manque de transparence des prix. Les courtiers, pendant ce temps, en profitent parce que le fardeau de la tarification en fin de journée est entièrement retiré, ce qui élimine les habituels engorgements entre 14 h 30 et 16 h 00.

    Mais les courtiers font-ils des concessions en acceptant ce modèle ? La réponse est négative parce qu’ils bénéficient de ce qu’ils n’ont pas à tarifier plusieurs milliers de titres chaque jour.

    Avec les entrées et sorties de fonds qui se produisent tout le long de la journée, il a historiquement été fastidieux pour les sociétés d’obtenir le meilleur prix à la clôture du marché. Si le prix d’achat a été exécuté à 8 h 00, mais que le marché chute en cours de journée, la valeur de cette opération pourrait ultimement être nettement moindre en fin de séance. En utilisant la fonction de prix différé de CanDeal, c’est comme si toutes les demandes de prix affluaient exactement à 16 h, mais sans l’arrivée simultanée des ordres chez les courtiers. Sur le marché américain, cette fixation a lieu à 15 h.

    Comme ce modèle a été adopté par tous les 11 courtiers principaux du Canada ainsi que par la majorité des intervenants côté acheteurs, la fonction de prix différé de CanDeal a presque à elle seule éliminé le risque de taux en cours de journée, particulièrement pour ceux dont les fonds sont évalués à la valeur du marché chaque jour au prix de clôture de l’indice.

    Étant le seul fournisseur à offrir cette fonction au Canada avec des prix acceptés à la fois par les côtés acheteurs et vendeurs, CanDeal fait avancer l’innovation dans l’écosystème institutionnel canadien. Actuellement, les opérations fondées sur le prix différé de CanDeal sont limitées à 1 million $ par ligne et aux échéances de 10 ans ou moins.

    Approuvée par les autorités de réglementation canadiennes et par la quasi-totalité des participants du marché, petits et grands, la fonction de prix différé de CanDeal répond à ce qui faisait l’envie des opérateurs canadiens sur le marché américain depuis des années.

     

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  • 2022-01-31 CanDeal’s 2021 Year in Review

    Year_in_Review-2021
    At CanDeal, we are proud to continue to advance the Canadian marketplace, making it more efficient and secure. In 2021, the total volume traded on CanDeal increased by 6%, reaching a record of $3.4 trillion to close out the year.  Our Corporate Bond Trading solution on CanDeal Evolution increased corporate volume by 10 fold YOY. ​​CanDeal Data & Analytics (DNA) increased coverage to 80,000+ Canadian fixed income securities, priced 3x/day. 

    2022-01-31

  • 2004-08-18 New milestone for CanDeal

    Aggregate Dollar Value of Trading Exceeds $100 billion

    August 18, 2004 (TORONTO) – Today, CanDeal.ca announced that the volume traded in debt securities by Institutional Investors on CanDeal’s trading network has surpassed $100 billion. This marks a milestone in CanDeal’s brief history of providing institutional investors and dealers with online debt trading and market data tools to compliment their traditional market activities.

    “With over 100 unique institutional users executing trades, combined with our data distribution agreements with TSX Datalinx and three leading market data vendors, and now $100 billion traded – we continue to see strong market validation of our platform and trading model,” says Jayson Horner, President and CEO of CanDeal.  Increasingly, asset managers, investment counselors, corporate and public pension funds, mutual fund companies, government and corporate treasury desks, and life insurance companies are using CanDeal for debt trading in all market conditions.  Online trading allows them to achieve best execution using consistently applied trade management practices and to realize electronic trade processing efficiencies.

    CanDeal provides value to fixed-income market professionals through its complete and accurate views of market prices; continuous access to Canada’s deepest pool of liquidity; effective price discovery through its RFQ trading protocol; fast execution; detailed audit trail and on-line recordkeeping; and straight-through processing solutions.  “CanDeal’s electronic debt-trading platform is becoming a core element of institutional trading, complimenting the institutional investors’ tool set of information, transaction, and post-trade management solutions,” says Mr. Horner.

    “I like CanDeal’s order execution capability.  My bond orders are executed in a swift and efficient manner at the best price available,” says Paul Fahey, managing partner for Aurion Capital Management Inc. “CanDeal’s automatically generated audit trail greatly simplifies our post-trade documentation and compliance procedures.”

    “My goal is to have a higher standard in our trade management practices.  The CanDeal trading protocol helps me in achieving the best execution for my clients by creating a very competitive auction environment,” adds Mark Carpani vice president of Bonds for Mulvihill Capital Management.
    CanDeal provides its network subscribers with unparalleled price transparency and trade execution for Government of Canada Bonds and T-Bills, Provincial issues, and Canada Housing Trust CMB’s.  CanDeal’s liquidity pool consists of Canada’s six largest and most active domestic dealers.

    About CanDeal.ca Inc.
    CanDeal is Canada’s leading institutional customer-to-multi-dealer online fixed income trading network. CanDeal’s robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada’s largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buy-side participants and dealers across Canada.

    CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in straight-through processing (STP) solutions, CanDeal provides its participants with electronic trade reporting, online detailed audit trails, an integrated trade allocation facility and trade data export capability.  CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.

    CanDeal was formed in June 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first debt securities trading system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer.  In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.

     

    Aggregate Dollar Value of Trading Exceeds $100 billionAugust 18, 2004 (TORONTO) – Today, CanDeal.ca announced that the volume traded in debt securities by Institutional Investors on CanDeal’s trading network has surpassed $100 billion. This marks a milestone in CanDeal’s brief history of providing institutional investors and dealers with online debt trading and market data tools to compliment their traditional market activities.“With over 100 unique institutional users executing trades, combined with our data distribution agreements with TSX Datalinx and three leading market data vendors, and now $100 billion traded – we continue to see strong market validation of our platform and trading model,” says Jayson Horner, President and CEO of CanDeal.  Increasingly, asset managers, investment counselors, corporate and public pension funds, mutual fund companies, government and corporate treasury desks, and life insurance companies are using CanDeal for debt trading in all market conditions.  Online trading allows them to achieve best execution using consistently applied trade management practices and to realize electronic trade processing efficiencies.CanDeal provides value to fixed-income market professionals through its complete and accurate views of market prices; continuous access to Canada’s deepest pool of liquidity; effective price discovery through its RFQ trading protocol; fast execution; detailed audit trail and on-line recordkeeping; and straight-through processing solutions.  “CanDeal’s electronic debt-trading platform is becoming a core element of institutional trading, complimenting the institutional investors’ tool set of information, transaction, and post-trade management solutions,” says Mr. Horner.”I like CanDeal’s order execution capability.  My bond orders are executed in a swift and efficient manner at the best price available,” says Paul Fahey, managing partner for Aurion Capital Management Inc. “CanDeal’s automatically generated audit trail greatly simplifies our post-trade documentation and compliance procedures.””My goal is to have a higher standard in our trade management practices.  The CanDeal trading protocol helps me in achieving the best execution for my clients by creating a very competitive auction environment,” adds Mark Carpani vice president of Bonds for Mulvihill Capital Management.CanDeal provides its network subscribers with unparalleled price transparency and trade execution for Government of Canada Bonds and T-Bills, Provincial issues, and Canada Housing Trust CMB’s.  CanDeal’s liquidity pool consists of Canada’s six largest and most active domestic dealers.About CanDeal.ca Inc. CanDeal is Canada’s leading institutional customer-to-multi-dealer online fixed income trading network. CanDeal’s robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada’s largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buy-side participants and dealers across Canada.CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in straight-through processing (STP) solutions, CanDeal provides its participants with electronic trade reporting, online detailed audit trails, an integrated trade allocation facility and trade data export capability.  CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.CanDeal was formed in June 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first debt securities trading system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer.  In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund. 

    2004-08-18

  • 2004-08-18 La valeur cumulative des négociations dépasse 100 milliards $

    LE 18 AOÛT 2004 (TORONTO) – CanDeal.ca a annoncé aujourd’hui que le volume des négociations des titres d’emprunt effectuées par les investisseurs institutionnels sur le réseau de CanDeal a dépassé 100 milliards $. Il s’agit d’un jalon important dans la brève histoire de CanDeal qui offre des outils de négociation de titres d’emprunt et des données sur le marché aux investisseurs institutionnels afin de compléter leurs activités traditionnelles sur le marché.

    « Avec plus de 100 utilisateurs institutionnels uniques effectuant des négociations, nos ententes de distribution de données avec TSX Datalinx et trois fournisseurs de données majeurs ainsi que 100 milliards $ en négociation, nous constatons que notre plate-forme et notre modèle de négociation reçoivent un appui considérable », a indiqué Jayson Horner, président et chef de la direction de CanDeal. De plus en plus, les gestionnaires d’actifs, les conseillers en placements, les fonds de retraite publics et d’entreprises, les sociétés de placement collectif, les négociateurs de bonds du Trésor (gouvernementaux et d’entreprises) ainsi que les compagnies d’assurances utilisent CanDeal pour la négociation de titres d’emprunt dans toutes les situations du marché. La négociation en ligne leur permet d’effectuer la meilleure exécution possible en utilisant de façon constante les pratiques de gestion de négociation et de réaliser efficacement le traitement des négociations.

    CanDeal procure de la valeur aux professionnels du marché des titres à revenu fixe grâce à un accès complet et précis aux prix du marché, un accès continu au plus important bassin de liquidités au Canada, un protocole de négociation RFQ, une exécution rapide,  une vérification rétrospective détaillée, la tenue de livre en ligne et des solutions de traitement de bout en bout. « La plate-forme électronique de négociation des titres d’emprunt est en train de devenir un élément central de la négociation institutionnelle parce qu’elle complète les outils de l’investisseur institutionnel au chapitre des renseignements, des transactions et des solutions de gestion posttransaction », explique M. Horner.

    « J’apprécie la capacité d’exécution des ordres de CanDeal. Mes ordres concernant les bonds sont exécutés de façon rapide et efficace au meilleur prix disponible », dit Paul Fahey, associé directeur chez Aurion Capital Management Inc. « La vérification rétrospective produite automatiquement par CanDeal simplifie énormément la production de documents après les transactions et les procédures de conformité. »

    « Mon objectif est d’atteindre un standard plus élevé pour nos pratiques de gestion des négociations. Le protocole de transaction de CanDeal m’aide à effectuer la meilleure exécution pour mes clients en instaurant un environnement d’enchères très compétitif », ajoute Mark Carpani, vice-président des bonds pour Mulvihill Capital Management.

    CanDeal procure à son réseau d’abonnés une transparence sans équivalent sur les prix et l’exécution des transactions pour les obligations et bons du trésor du Canada, les émissions provinciales et les obligations hypothécaires canadiennes du Canada Housing Trust. Le bassin de liquidités de CanDeal est constitué des six plus importants et actifs courtiers nationaux.

    À propos de CanDeal.ca Inc. 
    CanDeal est le principal réseau de négociation à revenu fixe en ligne pour les clients institutionnels et les multicourtiers. La plate-forme puissante et fiable offre aux participants un accès continu au bassin de liquidité le plus grand pour les produits à revenu fixe. Aujourd’hui, le réseau procure la puissance du marché des six plus importants courtiers de titres d’emprunt nationaux aux principaux clients institutionnels du Canada. Le marché électronique de CanDeal est ouvert à tous les participants institutionnels du côté acheteur et aux courtiers du Canada.

    Le modèle d’enchères propriétal équitable et ouvert proposé par CanDeal permet aux participants du marché institutionnel de recevoir simultanément de plusieurs courtiers des cotes de transaction en direct et d’exécuter en une fraction de seconde une négociation au meilleur prix. En tant que chef de file dans le traitement direct des opérations, (straight-throughprocessing ou STP), CanDeal offre à ses participants une déclaration électronique des opérations, des vérifications rétrospectives détaillées en ligne, des services intégrés de répartition des opérations et des services d’exportation de données sur les opérations. CanDeal fournit des données en temps réel sur les prix du marché pour les titres à revenu fixe négociés sur sa plate-forme.

    CanDeal a été fondée en juin 2001 dans le but de créer une place boursière offrant des solutions de transaction globales et efficaces. CanDeal est reconnue à la grandeur du Canada par tous les organismes de réglementation comme un système de négociation parallèle et comme un courtier en valeurs mobilières.  De plus, CanDeal est membre de l’Association canadienne des courtiers en valeurs mobilières et du Fonds canadien de protection des épargnants.

     

    LE 18 AOÛT 2004 (TORONTO) – CanDeal.ca a annoncé aujourd’hui que le volume des négociations des titres d’emprunt effectuées par les investisseurs institutionnels sur le réseau de CanDeal a dépassé 100 milliards $. Il s’agit d’un jalon important dans la brève histoire de CanDeal qui offre des outils de négociation de titres d’emprunt et des données sur le marché aux investisseurs institutionnels afin de compléter leurs activités traditionnelles sur le marché.« Avec plus de 100 utilisateurs institutionnels uniques effectuant des négociations, nos ententes de distribution de données avec TSX Datalinx et trois fournisseurs de données majeurs ainsi que 100 milliards $ en négociation, nous constatons que notre plate-forme et notre modèle de négociation reçoivent un appui considérable », a indiqué Jayson Horner, président et chef de la direction de CanDeal. De plus en plus, les gestionnaires d’actifs, les conseillers en placements, les fonds de retraite publics et d’entreprises, les sociétés de placement collectif, les négociateurs de bonds du Trésor (gouvernementaux et d’entreprises) ainsi que les compagnies d’assurances utilisent CanDeal pour la négociation de titres d’emprunt dans toutes les situations du marché. La négociation en ligne leur permet d’effectuer la meilleure exécution possible en utilisant de façon constante les pratiques de gestion de négociation et de réaliser efficacement le traitement des négociations.CanDeal procure de la valeur aux professionnels du marché des titres à revenu fixe grâce à un accès complet et précis aux prix du marché, un accès continu au plus important bassin de liquidités au Canada, un protocole de négociation RFQ, une exécution rapide,  une vérification rétrospective détaillée, la tenue de livre en ligne et des solutions de traitement de bout en bout. « La plate-forme électronique de négociation des titres d’emprunt est en train de devenir un élément central de la négociation institutionnelle parce qu’elle complète les outils de l’investisseur institutionnel au chapitre des renseignements, des transactions et des solutions de gestion posttransaction », explique M. Horner.« J’apprécie la capacité d’exécution des ordres de CanDeal. Mes ordres concernant les bonds sont exécutés de façon rapide et efficace au meilleur prix disponible », dit Paul Fahey, associé directeur chez Aurion Capital Management Inc. « La vérification rétrospective produite automatiquement par CanDeal simplifie énormément la production de documents après les transactions et les procédures de conformité. »« Mon objectif est d’atteindre un standard plus élevé pour nos pratiques de gestion des négociations. Le protocole de transaction de CanDeal m’aide à effectuer la meilleure exécution pour mes clients en instaurant un environnement d’enchères très compétitif », ajoute Mark Carpani, vice-président des bonds pour Mulvihill Capital Management.CanDeal procure à son réseau d’abonnés une transparence sans équivalent sur les prix et l’exécution des transactions pour les obligations et bons du trésor du Canada, les émissions provinciales et les obligations hypothécaires canadiennes du Canada Housing Trust. Le bassin de liquidités de CanDeal est constitué des six plus importants et actifs courtiers nationaux.À propos de CanDeal.ca Inc. CanDeal est le principal réseau de négociation à revenu fixe en ligne pour les clients institutionnels et les multicourtiers. La plate-forme puissante et fiable offre aux participants un accès continu au bassin de liquidité le plus grand pour les produits à revenu fixe. Aujourd’hui, le réseau procure la puissance du marché des six plus importants courtiers de titres d’emprunt nationaux aux principaux clients institutionnels du Canada. Le marché électronique de CanDeal est ouvert à tous les participants institutionnels du côté acheteur et aux courtiers du Canada.Le modèle d’enchères propriétal équitable et ouvert proposé par CanDeal permet aux participants du marché institutionnel de recevoir simultanément de plusieurs courtiers des cotes de transaction en direct et d’exécuter en une fraction de seconde une négociation au meilleur prix. En tant que chef de file dans le traitement direct des opérations, (straight-throughprocessing ou STP), CanDeal offre à ses participants une déclaration électronique des opérations, des vérifications rétrospectives détaillées en ligne, des services intégrés de répartition des opérations et des services d’exportation de données sur les opérations. CanDeal fournit des données en temps réel sur les prix du marché pour les titres à revenu fixe négociés sur sa plate-forme.CanDeal a été fondée en juin 2001 dans le but de créer une place boursière offrant des solutions de transaction globales et efficaces. CanDeal est reconnue à la grandeur du Canada par tous les organismes de réglementation comme un système de négociation parallèle et comme un courtier en valeurs mobilières.  De plus, CanDeal est membre de l’Association canadienne des courtiers en valeurs mobilières et du Fonds canadien de protection des épargnants. 

    2004-08-18

  • 2004-02-11 TSX Datalinx distributing CanDeal data through Thomson Financial

    Agreement sees information to go on Thomson ONE terminals further access and visibility for debt market transparency in Canada

    FEBRUARY 11, 2004 (TORONTO) – TSX Datalinx  has signed an agreement with Thomson Financial to distribute CanDeal’s real-time market data to traders and investors across Canada and around the Globe.  Under the terms of the agreement, Thomson will provide CanDeal pricing to Thomson ONE Yield users globally, and will make the data available to all retail users of Thomson ONE in Canada.  Thomson Financial, a leading provider of information technology solutions to the global financial community, is an operating unit of the Thomson Corporation (TSX: TOC, NYSE: TOC).  Thomson ONE is a flexible, open application framework that dynamically integrates data and applications from Thomson, proprietary and third party sources to a single user interface.

    The CanDeal data contains the best real-time market data taken from Canada’s six major domestic investment dealers.  CanDeal’s real-time market data is the most timely, complete and accurate view of where these dealers are valuing all domestic Government of Canada bonds and Treasury Bills and a wide range of Provincial and Corporate issues. TSX Datalinx uses its LinxPointOne data distribution product to deliver and manage the CanDeal Market Data offering to Thomson and a number of other leading data vendors.

    Jim Fiesel,  executive vice president,  Thomson Financial, said, “Through this arrangement and the addition of CanDeal data through TSX Datalinx, Thomson ONE Yield has further strengthened its market data, with a first-rate source of Canadian fixed income pricing. It is exciting to be in a position to truly expand our presence in Canada and the rest of the world as we continue to grow the Thomson ONE offering.  This is a major step forward for our Canadian fixed-income strategy.”

    “We are pleased that Thomson has signed this distribution agreement.  This arrangement will provide Thomson with a superior Canadian fixed income data product,” said Jayson Horner, President and CEO of CanDeal. “CanDeal’s prices and trading platform are utilized by institutional market professionals all across Canada and now CanDeal Market Data will broaden its reach to significantly enhance market transparency.”

    “This Thomson deal is very important for us,” said Eric Sinclair, Senior Vice-President of TSX Datalinx.  “It further expands the distribution of CanDeal data on LinxPointOne – and acknowledges that LinxPointOne provides our clients with a comprehensive distribution network to reach critical end users of market data right around the world.”

    To obtain information on CanDeal data access, please contact John Andrew at 416-947-4289, by e-mail john.andrew@tsxdatalinx.com or Michelle Tran at 416-947-4583, by email michelle.tran@tsxdatalinx.com.

    About CanDeal
    CanDeal is Canada’s leading institutional customer to multi-dealer online fixed income trading network. CanDeal’s robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada’s largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buy-side accounts and dealers across Canada.

    CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in “Straight-Through-Processing” (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability. CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.

    CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer. In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.

    About TSX Datalinx
    TSX Datalinx is the name for TSX Group Inc.’s (TSX: X) data operation.  TSX Datalinx provides a broad range of data products and services, offering both real-time and historical data to customers across Canada and around the globe.

    About Thomson Financial
    Thomson Financial is a US$1.6 billion provider of information and technology solutions to the worldwide financial community.  Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results.  Thomson Financial is part of The Thomson Corporation (www.thomson.com), a leading provider of valueadded information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. With revenues from continuing operations of US$7.5 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).

     

    Agreement sees information to go on Thomson ONE terminals further access and visibility for debt market transparency in CanadaFEBRUARY 11, 2004 (TORONTO) – TSX Datalinx  has signed an agreement with Thomson Financial to distribute CanDeal’s real-time market data to traders and investors across Canada and around the Globe.  Under the terms of the agreement, Thomson will provide CanDeal pricing to Thomson ONE Yield users globally, and will make the data available to all retail users of Thomson ONE in Canada.  Thomson Financial, a leading provider of information technology solutions to the global financial community, is an operating unit of the Thomson Corporation (TSX: TOC, NYSE: TOC).  Thomson ONE is a flexible, open application framework that dynamically integrates data and applications from Thomson, proprietary and third party sources to a single user interface.The CanDeal data contains the best real-time market data taken from Canada’s six major domestic investment dealers.  CanDeal’s real-time market data is the most timely, complete and accurate view of where these dealers are valuing all domestic Government of Canada bonds and Treasury Bills and a wide range of Provincial and Corporate issues. TSX Datalinx uses its LinxPointOne data distribution product to deliver and manage the CanDeal Market Data offering to Thomson and a number of other leading data vendors.Jim Fiesel,  executive vice president,  Thomson Financial, said, “Through this arrangement and the addition of CanDeal data through TSX Datalinx, Thomson ONE Yield has further strengthened its market data, with a first-rate source of Canadian fixed income pricing. It is exciting to be in a position to truly expand our presence in Canada and the rest of the world as we continue to grow the Thomson ONE offering.  This is a major step forward for our Canadian fixed-income strategy.”“We are pleased that Thomson has signed this distribution agreement.  This arrangement will provide Thomson with a superior Canadian fixed income data product,” said Jayson Horner, President and CEO of CanDeal. “CanDeal’s prices and trading platform are utilized by institutional market professionals all across Canada and now CanDeal Market Data will broaden its reach to significantly enhance market transparency.”“This Thomson deal is very important for us,” said Eric Sinclair, Senior Vice-President of TSX Datalinx.  “It further expands the distribution of CanDeal data on LinxPointOne – and acknowledges that LinxPointOne provides our clients with a comprehensive distribution network to reach critical end users of market data right around the world.”To obtain information on CanDeal data access, please contact John Andrew at 416-947-4289, by e-mail john.andrew@tsxdatalinx.com or Michelle Tran at 416-947-4583, by email michelle.tran@tsxdatalinx.com.About CanDealCanDeal is Canada’s leading institutional customer to multi-dealer online fixed income trading network. CanDeal’s robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada’s largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buy-side accounts and dealers across Canada.CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in “Straight-Through-Processing” (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability. CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer. In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.About TSX DatalinxTSX Datalinx is the name for TSX Group Inc.’s (TSX: X) data operation.  TSX Datalinx provides a broad range of data products and services, offering both real-time and historical data to customers across Canada and around the globe.About Thomson FinancialThomson Financial is a US$1.6 billion provider of information and technology solutions to the worldwide financial community.  Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results.  Thomson Financial is part of The Thomson Corporation (www.thomson.com), a leading provider of valueadded information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. With revenues from continuing operations of US$7.5 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC). 

    2004-02-11

  • 2003-09-09 CanDeal to launch online Provincial bond trading market

    New Provincial bond market will be the first trading product to include co-mingled prices from 6 of Canada’s major dealers

    SEPTEMBER 9, 2003 (TORONTO) – CanDeal, Canada’s leading on-line institutional multi-dealer to client debt securities trading system announced today that in response to strong customer demand it is adding Provincial Bond issues to its proprietary trading network.

    “A great many of our existing customers have requested the ability to utilize our proprietary and proven trading model to obtain firm markets from multiple dealers simultaneously on both “outright” [single  security] Provincial bond trades and “basis” [yield spread] trades between Canada’s and Provincials or between two Provincial bonds,” said Jayson Horner,  President and CEO of CanDeal.ca Inc.

    “We have worked closely with our customers to ensure that the trading etiquette and conventions match the needs of the Canadian debt industry as we continue to evolve electronic trading.”  The CanDeal Provincial bond market will be anchored by the liquidity of the industry’s leading dealers. A beta group of CanDeal clients are currently evaluating the new Provincial bond pricing and trading capabilities which are scheduled for general availability in the near future. “We expect that delivering the additional functionality and product breadth that CanDeal participants have been asking for will lead to a further increase in the share of market trading activity on CanDeal’s electronic fixed income platform and to the addition of new dealers,” said Horner.

    For the first time anywhere Canadian Institutional investors will have the ability to view real-time “co-mingled” Provincial bond prices received directly from the six major Canadian dealers and to deal online at the best price or spread in a fraction of a second on CanDeal’s live dealing screen. CanDeal’s Provincial bond trading service will be available for a free trial period to all new and existing CanDeal users.

    About CanDeal.ca Inc. 
    CanDeal is Canada’s leading institutional customer to multi-dealer online fixed income trading network. CanDeal’s robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada’s largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buyside accounts and dealers across Canada.

    CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in “Straight- Through-Processing” (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability.  CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.

    CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer.  In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.

     

    New Provincial bond market will be the first trading product to include co-mingled prices from 6 of Canada’s major dealersSEPTEMBER 9, 2003 (TORONTO) – CanDeal, Canada’s leading on-line institutional multi-dealer to client debt securities trading system announced today that in response to strong customer demand it is adding Provincial Bond issues to its proprietary trading network.“A great many of our existing customers have requested the ability to utilize our proprietary and proven trading model to obtain firm markets from multiple dealers simultaneously on both “outright” [single  security] Provincial bond trades and “basis” [yield spread] trades between Canada’s and Provincials or between two Provincial bonds,” said Jayson Horner,  President and CEO of CanDeal.ca Inc.“We have worked closely with our customers to ensure that the trading etiquette and conventions match the needs of the Canadian debt industry as we continue to evolve electronic trading.”  The CanDeal Provincial bond market will be anchored by the liquidity of the industry’s leading dealers. A beta group of CanDeal clients are currently evaluating the new Provincial bond pricing and trading capabilities which are scheduled for general availability in the near future. “We expect that delivering the additional functionality and product breadth that CanDeal participants have been asking for will lead to a further increase in the share of market trading activity on CanDeal’s electronic fixed income platform and to the addition of new dealers,” said Horner.For the first time anywhere Canadian Institutional investors will have the ability to view real-time “co-mingled” Provincial bond prices received directly from the six major Canadian dealers and to deal online at the best price or spread in a fraction of a second on CanDeal’s live dealing screen. CanDeal’s Provincial bond trading service will be available for a free trial period to all new and existing CanDeal users.About CanDeal.ca Inc. CanDeal is Canada’s leading institutional customer to multi-dealer online fixed income trading network. CanDeal’s robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada’s largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buyside accounts and dealers across Canada.CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in “Straight- Through-Processing” (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability.  CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer.  In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund. 

    2003-09-09

  • 2003-08-19 CanDeal announces straight through processing (STP) breakthrough

    ‘DEALXPRESS’ OFFERS SEAMLESS FIXED INCOME STP SOLUTION

    Toronto – August 19, 2003 – CanDeal.ca Inc., Canada’s leading on-line institutional multi-dealer to client debt securities trading system, today announced an important breakthrough for the Canadian Capital Markets industry mission to achieve straight-through-processing (STP). CanDeal is pleased to announce the launch of DealXpress™ Version 1.0, a new trade processing solution that can electronically pass matched trades completed on CanDeal through to a client’s portfolio management system.

    DealXpress version 1.0 is the first release in a series of planned, customized enhancements by CanDeal, that enables institutions and dealers to allocate, confirm and settle trades electronically.  CanDeal customers have played key, lead roles in helping to define and test this initiative. Electronic trade-processing innovations are considered essential components, required to help the Canadian Debt Industry reach its goal of implementing STP. 

    “This new enhancement demonstrates CanDeal’s ongoing commitment to enhance its products and services for the benefit of the Canadian Capital Markets” said Jayson Horner President & CEO CanDeal. “In their recent paper on Industry Trade processing Best Practices, the Canadian Capital Markets Association, the industry group promoting STP in Canada, stated that the ability to pass financial information electronically on a timely, accurate system-to system basis – to all parties in a transaction chain – is considered a pre-requisite to shortening the settlement cycle to (T+1).  It is also key to both helping position firms for future growth and to maintaining the competitiveness of Canada’s capital markets. We are working closely with members of the CCMA and other Industry participants to create the technology and electronic information flow necessary to help Canada’s debt markets achieve STP,” he added.

    DealXpress version 1.0 can electronically pass matched trade information, including allocations, to the front, mid or back office of the investment dealer and to the portfolio management, trade management or accounting system of the CanDeal client. The ability to pass details of a trade electronically will result in fewer failed trades, lower trade processing costs, and accelerate the trade settlement process cycle, thus saving the industry significant costs. With DealXpress trades executed on CanDeal no longer need to be manually input by the trader or portfolio manager. The trades can electronically flow into a portfolio management system thereby saving time and effort. Additionally, the financial (or settlement) risk associated with failed trades due to input errors is significantly reduced.  

     

    About CanDeal.ca Inc.
    CanDeal is Canada’s leading institutional customer to multi-dealer online fixed income trading network. CanDeal’s robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada’s largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buyside participants and dealers across Canada.

    CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in “Straight-Through Processing” (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability.

    CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform. CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first debt securities trading system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer.  In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.

    ‘DEALXPRESS’ OFFERS SEAMLESS FIXED INCOME STP SOLUTIONToronto – August 19, 2003 – CanDeal.ca Inc., Canada’s leading on-line institutional multi-dealer to client debt securities trading system, today announced an important breakthrough for the Canadian Capital Markets industry mission to achieve straight-through-processing (STP). CanDeal is pleased to announce the launch of DealXpress™ Version 1.0, a new trade processing solution that can electronically pass matched trades completed on CanDeal through to a client’s portfolio management system.DealXpress version 1.0 is the first release in a series of planned, customized enhancements by CanDeal, that enables institutions and dealers to allocate, confirm and settle trades electronically.  CanDeal customers have played key, lead roles in helping to define and test this initiative. Electronic trade-processing innovations are considered essential components, required to help the Canadian Debt Industry reach its goal of implementing STP. “This new enhancement demonstrates CanDeal’s ongoing commitment to enhance its products and services for the benefit of the Canadian Capital Markets” said Jayson Horner President & CEO CanDeal. “In their recent paper on Industry Trade processing Best Practices, the Canadian Capital Markets Association, the industry group promoting STP in Canada, stated that the ability to pass financial information electronically on a timely, accurate system-to system basis – to all parties in a transaction chain – is considered a pre-requisite to shortening the settlement cycle to (T+1).  It is also key to both helping position firms for future growth and to maintaining the competitiveness of Canada’s capital markets. We are working closely with members of the CCMA and other Industry participants to create the technology and electronic information flow necessary to help Canada’s debt markets achieve STP,” he added.DealXpress version 1.0 can electronically pass matched trade information, including allocations, to the front, mid or back office of the investment dealer and to the portfolio management, trade management or accounting system of the CanDeal client. The ability to pass details of a trade electronically will result in fewer failed trades, lower trade processing costs, and accelerate the trade settlement process cycle, thus saving the industry significant costs. With DealXpress trades executed on CanDeal no longer need to be manually input by the trader or portfolio manager. The trades can electronically flow into a portfolio management system thereby saving time and effort. Additionally, the financial (or settlement) risk associated with failed trades due to input errors is significantly reduced.   About CanDeal.ca Inc. CanDeal is Canada’s leading institutional customer to multi-dealer online fixed income trading network. CanDeal’s robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada’s largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buyside participants and dealers across Canada.CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in “Straight-Through Processing” (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability.CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform. CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first debt securities trading system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer.  In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.

    2003-08-19

  • 2006-01-20 CanDeal supports “See You in Torino Fund”

    (January 20, 2006) – CanDeal Inc. takes great pride in announcing our support of the “See You In Torino Fund” (www.seeyouintorino.com). “The Fund represents an excellent opportunity to invest in our dedicated Canadian athletes,” says Jayson Horner, President and CEO of CanDeal. “We are pleased that we are able to participate in this worthwhile cause and support our amateur athletes as they strive to win gold for Canada on the world stage.”

    Since 1997, the signature “See You In Fund” has been providing direct financial support to our Canadian amateur athletes. This direct support helps to provide adequate resources for training and competing at an elite level. Mr. Horner said, “It is an investment in Canadian pride and a manner in which to nurture our future sports heroes.”

    The See You In Torino Fund provides an opportunity to “adopt an athlete”.  The athlete that CanDeal was excited to hear we adopted is Vicky Sunohara, a veteran member of the Gold Medal winning Canadian Women’s Hockey Team. Vicky was born in 1970 in Toronto, Ontario.  She is a two time Olympic medalist, having won an Olympic silver medal at the 1998 Winter Olympics in Nagano, Japan and an Olympic gold medal in the 2002 Winter Olympics in Salt Lake City, USA. In addition to her Olympic success, she has won several medals for Canada in various international ice hockey tournaments.

    Join us in cheering for the Canadian athletes competing in February, and go to www.SeeYouInTorino.com if you want to learn more about how you can still support their efforts in the upcoming games.  In addition, stay tuned for details about our “Go for the Gold” campaign to be announced shortly.

    About CanDeal
    CanDeal is Canada’s leading multi-dealer-to-institutional investor online debt securities trading network (www.candeal.ca). CanDeal’s world class platform, powered by TradeWeb technology (www.tradeweb.com), provides its participants with continuous access to the deepest pool of liquidity for fixed income products. For Canadian dollar debt securities, the network links to 15 trading desks and delivers the market making power of eight leading investment dealers. In partnership with TradeWeb, the network also offers Canadian institutional investors access to a wide range of U.S. and European debt products.

    The CanDeal electronic marketplace is open and available to all institutional investors and investment dealers across Canada. In addition to straight-through processing, online trade allocations, real time trade blotters and confirmations, the system also provides its users with superior compliance and audit functionality. CanDeal also provides a real time market data price feed for fixed income securities.

     

    (January 20, 2006) – CanDeal Inc. takes great pride in announcing our support of the “See You In Torino Fund” (www.seeyouintorino.com). “The Fund represents an excellent opportunity to invest in our dedicated Canadian athletes,” says Jayson Horner, President and CEO of CanDeal. “We are pleased that we are able to participate in this worthwhile cause and support our amateur athletes as they strive to win gold for Canada on the world stage.”Since 1997, the signature “See You In Fund” has been providing direct financial support to our Canadian amateur athletes. This direct support helps to provide adequate resources for training and competing at an elite level. Mr. Horner said, “It is an investment in Canadian pride and a manner in which to nurture our future sports heroes.”The See You In Torino Fund provides an opportunity to “adopt an athlete”.  The athlete that CanDeal was excited to hear we adopted is Vicky Sunohara, a veteran member of the Gold Medal winning Canadian Women’s Hockey Team. Vicky was born in 1970 in Toronto, Ontario.  She is a two time Olympic medalist, having won an Olympic silver medal at the 1998 Winter Olympics in Nagano, Japan and an Olympic gold medal in the 2002 Winter Olympics in Salt Lake City, USA. In addition to her Olympic success, she has won several medals for Canada in various international ice hockey tournaments.Join us in cheering for the Canadian athletes competing in February, and go to www.SeeYouInTorino.com if you want to learn more about how you can still support their efforts in the upcoming games.  In addition, stay tuned for details about our “Go for the Gold” campaign to be announced shortly.About CanDealCanDeal is Canada’s leading multi-dealer-to-institutional investor online debt securities trading network (www.candeal.ca). CanDeal’s world class platform, powered by TradeWeb technology (www.tradeweb.com), provides its participants with continuous access to the deepest pool of liquidity for fixed income products. For Canadian dollar debt securities, the network links to 15 trading desks and delivers the market making power of eight leading investment dealers. In partnership with TradeWeb, the network also offers Canadian institutional investors access to a wide range of U.S. and European debt products.The CanDeal electronic marketplace is open and available to all institutional investors and investment dealers across Canada. In addition to straight-through processing, online trade allocations, real time trade blotters and confirmations, the system also provides its users with superior compliance and audit functionality. CanDeal also provides a real time market data price feed for fixed income securities. 

    2006-01-20

  • 2003-03-11 CanDeal lists Canada Housing Trust CMBs

    MARCH 11, 2003 (TORONTO) – Today, CanDeal.ca, Inc. has added Canada Mortgage Bonds (CMBs) to its electronic fixed income trading platform. CMBs are issued by the Canada Housing Trust, a special purpose trust created to issue the bonds. Canada Mortgage and Housing Corporation (CMHC) acts as the Financial Services Advisor to the Trust. The bonds are guaranteed by the Government of Canada through CMHC. The aggregate par value of the four issues outstanding is $17.9 billion.  Using the CanDeal system, institutional investors can see real-time bid and ask prices for each CMB issue, sourced from Canada’s six major investment dealers, and then trade them on-line in the secondary market using CanDeal’s Request for Quote (RFQ) trading protocol.

     

    “CanDeal offers improved visibility and transparency – the ability for investors to see where the Canadian market is currently valuing these securities and a venue to trade them efficiently,” said Trevor Gloyn, Treasurer with CMHC. The CMBs are intermingled on price displays with Government of Canada bonds and are traded on a price basis, rather than on a traditional basis point spread relative to a benchmark security. “This format reflects the sovereign credit and liquidity of these securities.” added Mr. Gloyn.

     

    Canada Housing Trust CMBs are attractive to investors because they are comparable to Government of Canada bond in terms of credit quality and liquidity.  They may also provide the opportunity for an incremental benefit in yield.

     

    “CanDeal establishes a fair, open, and transparent marketplace that delivers operational efficiencies and mitigates risk in the Canadian debt securities markets,” said Jayson Horner, CanDeal’s President and CEO.  “The addition of Canada Mortgage Bonds comes in response to our clients’ requests for CanDeal to offer the same standards of transparency and trade execution in a broader range of securities.  It is another testament to the growth and success of our system. CanDeal provides our clients with continuous access to the most complete view of where the market is being valued by Canada’s six largest and most active investment dealers.  As well, our clients have direct online access to the deep liquidity that our dealers provide.”

     

    About CanDeal.ca, Inc.
    CanDeal.ca, Inc. is a registered Alternative Trading System that provides Canadian institutional clients with the ability to view and trade debt securities on-line. The CanDeal system offers transparency and liquidity in a fair and open electronic marketplace.  CanDeal enables buy-side participants to realize efficiencies and reduce risks through its unique ‘real-time best price’ consolidated market views, simultaneous multi-dealer request-for-quote electronic trade order routing and execution capability, and post-trade services. CanDeal, located in Toronto, is owned by six major Canadian investment dealers, Canada’s premier stock exchange, a global real-time information and transaction service provider and a global technology solutions provider.

    MARCH 11, 2003 (TORONTO) – Today, CanDeal.ca, Inc. has added Canada Mortgage Bonds (CMBs) to its electronic fixed income trading platform. CMBs are issued by the Canada Housing Trust, a special purpose trust created to issue the bonds. Canada Mortgage and Housing Corporation (CMHC) acts as the Financial Services Advisor to the Trust. The bonds are guaranteed by the Government of Canada through CMHC. The aggregate par value of the four issues outstanding is $17.9 billion.  Using the CanDeal system, institutional investors can see real-time bid and ask prices for each CMB issue, sourced from Canada’s six major investment dealers, and then trade them on-line in the secondary market using CanDeal’s Request for Quote (RFQ) trading protocol. “CanDeal offers improved visibility and transparency – the ability for investors to see where the Canadian market is currently valuing these securities and a venue to trade them efficiently,” said Trevor Gloyn, Treasurer with CMHC. The CMBs are intermingled on price displays with Government of Canada bonds and are traded on a price basis, rather than on a traditional basis point spread relative to a benchmark security. “This format reflects the sovereign credit and liquidity of these securities.” added Mr. Gloyn. Canada Housing Trust CMBs are attractive to investors because they are comparable to Government of Canada bond in terms of credit quality and liquidity.  They may also provide the opportunity for an incremental benefit in yield. “CanDeal establishes a fair, open, and transparent marketplace that delivers operational efficiencies and mitigates risk in the Canadian debt securities markets,” said Jayson Horner, CanDeal’s President and CEO.  “The addition of Canada Mortgage Bonds comes in response to our clients’ requests for CanDeal to offer the same standards of transparency and trade execution in a broader range of securities.  It is another testament to the growth and success of our system. CanDeal provides our clients with continuous access to the most complete view of where the market is being valued by Canada’s six largest and most active investment dealers.  As well, our clients have direct online access to the deep liquidity that our dealers provide.” About CanDeal.ca, Inc.CanDeal.ca, Inc. is a registered Alternative Trading System that provides Canadian institutional clients with the ability to view and trade debt securities on-line. The CanDeal system offers transparency and liquidity in a fair and open electronic marketplace.  CanDeal enables buy-side participants to realize efficiencies and reduce risks through its unique ‘real-time best price’ consolidated market views, simultaneous multi-dealer request-for-quote electronic trade order routing and execution capability, and post-trade services. CanDeal, located in Toronto, is owned by six major Canadian investment dealers, Canada’s premier stock exchange, a global real-time information and transaction service provider and a global technology solutions provider.

    2003-03-11