News & Press Releases
- Dec16 Press ReleaseCanDeal Markets Hits $25 Trillion in Trading Volume - December 16, 2019
Toronto, December 16, 2019; CanDeal, a leading institutional electronic marketplace for Canadian debt and derivatives trading, has surpassed $25 trillion in total trading volume on its marketplace, marking one of the Company’s more significant achievements and a milestone for electronic dealing in Canadian dollar products for its participants.
With an average daily volume exceeding $12 billion in 2019, CanDeal offers a deep liquidity pool for Canadian debt securities and will continue to work with marketplace participants to create functionality and workflow efficiencies to optimize the experience for their benefit.
“We are pleased to have participated in the transaction that pushed CanDeal over the $25 trillion milestone,” said Nick Wang, Director at BMO Capital Markets. “We look forward to building upon this success.”
- Nov07 ArticleCanDeal Unveils ‘More Accurate’ Bond Pricing Feed - November 07, 2019
Canadian fixed-income and derivatives trading platform CanDeal has launched a new real-time pricing service for Canadian bonds, dubbed MarketPrice, which incorporates new pricing inputs and artificial intelligence (AI) to provide a more accurate reflection of market prices, as well as expected price movements.
“By incorporating several factors, we are able to produce an indicative price not only for where trades are taking place now, but where they are likely to take place in the future,” says Jamie Grant, President of CanDeal Markets.
Access the full article on WatersTechnology.
- Mar12 Press ReleaseTickSmith to Power New CanDeal Market Data Hub - March 12, 2019
Toronto, March 12, 2019; CanDeal, the leading institutional electronic marketplace for Canadian debt and derivatives trading, has selected TickSmith to power its recently-announced market data platform. By deploying the TickSmith Data Pooling Platform, CanDeal is able to more quickly and reliably launch the DataVault Innovations data-as-a-service business.
Engineered with big data technology to be flexible, secure, and scalable, TickSmith's Data Pooling platform will manage the core data pooling for DataVault Innovations, from ingestion and normalization to analytics, entitlements and delivery.
- Feb12 Press ReleaseCanDeal partners with six Canadian Banks to Create Market Data Hub - February 12, 2019
Toronto, February 12, 2019; The six largest Canadian banks have partnered with CanDeal to create the country’s first comprehensive fixed income and derivatives market data hub. The Data-as-a-Service (DaaS) business, DataVault Innovations, intends to produce best in class pricing and analytics data to address the growing data needs of participants and regulators.
While presently ingesting data from each of the six banks, DataVault Innovations is actively seeking an inclusive strategy to engage all other marketplace data contributors.
- Oct30 Press ReleaseSix Largest Canadian Banks Increase Stake in CanDeal - October 30, 2018
Toronto, October 30, 2018; CanDeal, the leading institutional electronic marketplace for Canadian bond, money market, and derivatives trading, has announced an ownership restructuring under which each of Canada’s six leading banks increased its stake in the marketplace. As a result of the restructuring, which included a reduction in TMX Group's share, CanDeal's ownership group each has an equal share of the company.
On a combined basis, the Canadian banks now own more than 85% of CanDeal, signaling an increased commitment to electronic trading in Canadian Dollar products. The CanDeal marketplace features more than 300 institutional investment firms and includes 11 Canadian bank/dealer liquidity providers. CanDeal trading volumes have grown from C$600Billion in 2008 to more than C$3.1Trillion in the past four quarters.