MONTREAL, Quebec & TORONTO, Ontario (September 14, 2009) – CanDeal, the leader in online Canadian debt securities trading, is pleased to announce that Deutsche Bank Securities Limited has agreed to a multi-year commitment to join its marketplace.
The addition of Deutsche Bank represents full participation on CanDeal by all of Canada’s primary dealers.
David Fry, Head of Global Markets, Deutsche Bank Canada said, "As a primary dealer in Canada and strong global participant, we are committed to providing our customers with ease of access to our liquidity. CanDeal provides a proven and effective solution for our customers and joining CanDeal’s marketplace demonstrates a further commitment to the fixed income business.”
Jayson Horner, Co-Founder, President and CEO of CanDeal, added, "We are very pleased to welcome another first class financial services organization to CanDeal’s marketplace. Completing our goal of including all of Canada’s Primary Dealers is a milestone achievement for our firm and it represents our ongoing commitment to create the deepest pool of liquidity that institutional investors can access for Canadian dollar debt globally.”
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. The network delivers the market making power of all twelve of Canada’s Primary Dealers. CanDeal’s marketplace is available to institutional investors in Canada, the United States and Europe. In addition to straight-through-processing, online trade allocations, real time trade blotters and confirmations, the network also provides its users with superior compliance and audit functionality.
CanDeal also offers Canadian institutional investors and investment dealer’s online access to liquidity in 15 debt and derivative marketplaces operated by Tradeweb in the United States and Europe.
About Deutsche Bank
Deutsche Bank <NYSE: DB> is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 78,896 employees in 72 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people.
Deutsche Bank Securities Limited, member CIPF, is the investment banking and securities arm of Deutsche Bank AG in Canada