Morgan Stanley joins CanDeal’s Electronic Marketplace

MONTREAL/TORONTO, March 13, 2013 – CanDeal, the leading institutional electronic marketplace for Canadian rates, money market and derivatives, is pleased to announce that Morgan Stanley will be joining its marketplace as a liquidity provider for Government of Canada bonds.

The addition of Morgan Stanley to CanDeal’s marketplace deepens the electronic liquidity pool in Canada to 14 providers. More than 250 global institutions leverage CanDeal to gain insight and direct access to Canadian dollar product.

As markets become increasingly linked by technology, Morgan Stanley continues to expand its business around the world. “Morgan Stanley is pleased to join CanDeal as a provider of liquidity in Canadian Government Bonds. Adding CanDeal further strengthens Morgan Stanley's offering to clients in major government bond markets globally,” said Glenn Hadden, Managing Director, Head of Global Interest Rate Products from Morgan Stanley.

“Our goal is to provide a marketplace that strengthens the position of Canada’s debt markets,” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “The success of our marketplace is contingent upon providing solutions to market participants that delivers optimal transparency, efficient trade execution and unique business intelligence data, while reducing operational risk. The addition of another world-class investment dealer, such as Morgan Stanley, further solidifies CanDeal as the premier destination for institutional marketplace participants to transact in Canadian dollar securities.”

About CanDeal:

CanDeal is the leading electronic marketplace for Canadian dollar fixed income securities and derivatives ( Institutional investors from around the globe gain direct access to a network of leading dealers, including all of Canada's Primary Dealers. Participants are provided with greater transparency, operational efficiencies and unique business intelligence data. 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 electronic access to liquidity in additional debt and derivative marketplaces operated by Tradeweb Markets LLC in the United States and Europe.

For more information, contact:
Andrew Kearney
Marketing Manager
(416) 814-7815