October 11, 2006 (TORONTO) – Today, CanDeal, Canada’s leader in multi-dealer to client online debt securities trading announced that the total volume of Canadian securities traded on it’s marketplace has surpassed $500 billion. This milestone was accompanied by several other CanDeal statistics that demonstrate increasing acceptance from market professionals who continue to embrace online debt trading as an integral part of their day to day workflow.
“Electronic trading of fixed income securities and related products continues to accelerate as the globally preferred methodology, and it is great to see that Canadian participation in this fundamental transformation is so strong,” says Jayson Horner, President and CEO of CanDeal. Horner adds “With 12 Primary Canadian dealers and an ever expanding list of global institutional investors participating on the network, we believe that the Canadian debt markets are well positioned to remain globally competitive as access to online liquidity becomes the benchmark for which markets will be measured.”
Year-over-year, CanDeal trading activity highlights include:
- 108% increase in the monthly dollar volume traded
- 118% increase in the average daily dollar volume traded
- 99% increase in the number of daily trades
- 97% increase in the number of daily trade inquiries
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 institutional investors and investment dealers in North America, Europe and Asia. 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.