CanDeal to Provide Canadian Bond Pricing for FTSE Russell Indexes

Toronto, October 9, 2020; CanDeal, the leading provider of Canadian financial markets, data and information services, has been appointed by FTSE Russell Canada to provide pricing for its Canadian fixed income indexes. Under the terms of the multi-year agreement which was finalized in 2019 and expected to go live in the coming months, CanDeal Data and Analytics (“CanDeal DNA”) will provide FTSE Russell with a comprehensive suite of fixed income pricing services that incorporate its proprietary performance and valuation measures.  

 

FTSE Russell, a leading provider of global indexes, is working with CanDeal DNA to ensure a smooth transition in its Canadian Bond Index suite pricing and provisions via FastQuote service. FTSE Russell will be communicating details to its clients as any index updates are finalized. 

 

“We’re delighted to be working with such a highly-respected index provider as FTSE Russell,” said Andre Craig, Executive Vice President of CanDeal DNA. “This is the type of relationship that typifies our model, which is to deliver world-class data and analytics as fuel to drive more accurate pricing and risk management for the global investment community.”

 

“We are happy that CanDeal will be supporting our industry-leading Canada fixed income indexes,” said Paul Bowes, Country Head at FTSE Russell. “With this new partnership, we will further enhance the quality and scale of our indexes and the level of service we provide to our clients.”

 

Using proprietary algorithms and expert modelling techniques, CanDeal DNA delivers a range of pricing services and performance analytics that it creates daily to address the needs of multiple industry stakeholders. These include composite pricing and evaluated bond pricing as well as Independent Pricing Verification services for financial reporting. It also delivers custom services to the dealer community, including FRTB reporting and modelability calculations and analytics.

 

 

About CanDeal Data & Analytics

CanDeal Data and Analytics (“CanDeal DNA”) was incubated within the Solutions Group division of CanDeal and seeks to offer an array of innovative industry services that complement the core CanDeal Markets trading platform business. It was previously branded DataVault Innovations. CanDeal is a leading provider of electronic marketplaces and data services for Canadian dollar debt securities and derivatives. Its Markets division, which accounts for more than 90% of electronic trading in Canada, provides access to a deep pool of liquidity for Canadian government, agency, provincial and corporate bonds, as well as money market instruments and interest rate swaps. CanDeal Markets also delivers Canadian institutional investors with electronic access to liquidity in non-Canadian debt and derivative marketplaces. CanDeal Solutions delivers pricing and analytics services that support business, trading and technology needs for participants in the Canadian market, including DataVault Innovations, the market data hub. 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.

 

About FTSE Russell

FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. 

FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $16 trillion is currently benchmarked to FTSE Russell indexes. For over 30 years, leading asset owners, asset managers, ETF providers and investment banks have chosen FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. 

A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. 

FTSE Russell is wholly owned by London Stock Exchange Group. 

For more information, visit www.ftserussell.com.

Media Contact

For CanDeal DNA:

P.J. Kinsella

EVP, Media Relations, Paragon PR

+1.973.255.7153

pj@paragonpr.com

 

For FTSE Russell:

Tim Benedict

Senior Communications Manager, London Stock Exchange Group

tbenedict@lseg.com; (917) 582-0641