MONTREAL & TORONTO, June 18, 2014 /CNW/ - CanDeal, the leading institutional electronic marketplace for Canadian bond, money market and derivatives trading, is pleased to announce that aggregate trade volume on its marketplace surpassed $10 Trillion on May 15th, 2014.
Since inception, CanDeal's mandate has been to provide tailored solutions that promote the competitive position of Canada's capital markets on the global stage. "Our core business values have not wavered from day one," said Jayson Horner, Co-Founder, President and CEO of CanDeal. "Market participants look to us to deliver comprehensive, reliable and secure solutions to improve their workflow, oversight and insight. This milestone is further evidence we are delivering on our mandate."
Electronic trading of fixed income securities continues to grow in Canada. For the quarter ending March 31, 2014, trade volume on CanDeal was $621 billion, up 18% year-over-year. The continued rise of new regulatory pressures, as well as the desire for more insightful analytic, and oversight information have been drivers for this growth. "We expect to see continued double-digit growth in electronic trade volumes in 2014. Participants are continuing to deploy straight-through processing solutions, and there is an increasing demand for data-driven insights." added Tristan Michela, Executive Vice President from 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 greater transparency, operational efficiencies and unique business intelligence data. CanDeal's stakeholders 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 dealer's electronic access to liquidity in additional debt and derivative marketplaces operated by Tradeweb Markets LLC in the United States and Europe.