Toronto, Ontario, July 6, 2006 – CanDeal, Canada’s leader in online debt securities trading, today announced that JPMorgan Securities Canada has become the 12th dealer participant to join the CanDeal marketplace.
JPMorgan is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity.
The CanDeal marketplace provides its institutional investor participants with access to the deepest pool of liquidity for Canadian fixed income products and CanDeal dealers have the opportunity to receive trade flows from institutional investors in over 30 countries. CanDeal’s unique functionality benefits the buy and sell-side community with technology driven solutions that increase trade cycle efficiencies and significantly reduce operating risks.
“CanDeal has attracted the best liquidity providers in Canada.” said Jayson Horner, President and CEO of CanDeal. “We are thrilled to have JPMorgan on board. As a leading global dealer with significant expertise in serving clients in the electronic markets, JPM will certainly add value to the liquidity pool available to our institutional investors.”
“We look forward to serving the online needs of our global client base in Canadian dollar debt through CanDeal,” Ken Knowles, Managing Director, JPMorgan Securities Canada said. “JPMorgan is a strong participant in leading global electronic platforms and we continue to see markets evolving and growing in this direction,” Knowles said.
CanDeal is Canada's leading multi-dealer to institutional investor online debt securities marketplace (www.candeal.ca). CanDeal's world class platform provides its global participants with continuous access to the deepest pool of liquidity for Canadian fixed income products. CanDeal delivers the market making power of twelve leading investment dealers. In partnership with Thomson 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 in North America. In addition to straight through-processing, online trade allocations, real time trade blotters and confirmations, CanDeal is also a leading innovator in the fixed income markets for best execution, superior compliance & audit measurement and benchmarking. CanDeal also provides a real time market data price feed for fixed income securities.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.3 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com.