Montreal Quebec; Toronto Ontario (January 15, 2008) – CanDeal, the leading online marketplace for Canadian dollar debt securities, is pleased to announce that Laurentian Bank Securities (LBS) has joined CanDeal’s Canadian Money Market (CAMM) market as a contributing dealer.
In 2006, Laurentian Bank Securities joined CanDeal as a liquidity provider for Government of Canada bonds, Canada Housing Trust - CMB’s and actively traded Provincial bonds. The addition of CAMM, allows LBS to continue on their commitment to meet the needs of new and existing clients by whatever manner they find most effective. “CanDeal provides us with an efficient, low risk dealing environment that complements our distribution strategy.” said Robert Sforza from LBS.
LBS is the ninth dealer to join CanDeal’s CAMM market, which recently reported a 218% increase in the number of executed CAMM trades for the second half of its 2007 fiscal year. Jayson Horner, President and CEO of CanDeal said, “CAMM is the only destination of its kind and is proven effective by institutional money managers that embrace it. We welcome Laurentian’s contributions to this new market.”
CanDeal is the leading online marketplace for Canadian dollar debt securities (www.candeal.ca). CanDeal provides online access to the largest pool of liquidity for Canadian government bonds and money market instruments. CanDeal’s marketplace is available to institutional investors in Canada, the United States and Europe.
CanDeal offers Canadian institutional investors and investment dealer’s online access to liquidity in 15 debt and derivative marketplaces operated by Thomson TradeWeb in the United States, Europe and Asia.