MONTREAL, Quebec & TORONTO, Ontario – CanDeal is pleased to report that, during the month of April, aggregated traded volumes on its marketplace surpassed $4 Trillion.
“Our fourth trillion was completed 6 times faster than it took us to reach our first trillion” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “Further, recent industry statistics tell us that CanDeal’s 2010 bond volume growth rate has more than doubled the growth rate of the traditional telephonic market.”
The quarter ending March 31, 2011 set new quarterly trade count and volume records, at over 42,000 trades and $340 billion in traded volume. “We’ve started off the year firing on all cylinders, as market participants continue to embrace electronic trading for its trade execution efficiencies, straight through processing and adherence to best practices” said Tristan Michela, Executive Vice President at CanDeal.
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 Canada’s 12 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’s stakeholders include: BMO Nesbitt Burns Inc., CIBC World Markets, National Bank Financial Inc., RBC Capital Markets, Scotia Capital, TD Securities and TMX Group.
CanDeal also offers Canadian institutional investors and investment dealer’s online access to liquidity in additional debt and derivative marketplaces operated by Tradeweb in the United States and Europe.
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