TD Securities, Scotia Capital and CIBC World Markets Lead the Way
TORONTO, Ontario (August 20, 2008) – CanDeal, the leading global online marketplace for Canadian debt securities is pleased to announce a new record week on its Canadian Money Market (CAMM) platform. During the week of August 11, 2008 Canadian and Offshore CAMM institutional clients executed over 250 trades, representing nearly $3 Billion of traded volume.
CanDeal’s marketplace delivers online efficiencies and enhances liquidity by providing a one-stop shop for money market investments. Institutional investors and treasury managers experience benefits through online access to a complete range of Canadian money market products (Banker Acceptances, Bank Deposit Notes, Commercial Paper, Crown Corporations, Provincial Bills). CanDeal consolidates offerings from Canada’s leading dealers in a single real-time and commingled display that allows users to locate, query and invest in products that best suit their needs; all in a matter of seconds.
The continued growth of CAMM validates electronic money market trading, CanDeal’s mandate and the commitment of its participating dealers. TD Securities, Scotia Capital and CIBC World Markets lead the way on CAMM; increasing their distribution power and the strength of their client relationships by delivering new value.
“We are extremely pleased with the rate at which CAMM is growing. On CAMM alone, we now see flows at a pace of over 1000 trades a month.” says Jayson Horner, Co-founder, President and CEO of CanDeal. “Moving forward, we will continue to focus on providing tools and services to help develop and strengthen electronic trading relationships.”
CAMM pools the liquidity of nine leading dealers including: BMO Capital Markets, CIBC World Markets, Desjardins Securities, HSBC Canada, Laurentian Bank Securities, National Bank Financial, RBC Capital Markets, Scotia Capital and TD Securities.
CanDeal is the leading global 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 17 debt and derivative marketplaces operated by Tradeweb in the United States and Europe.