News & Press Releases
- 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.
- Sep14 ArticleCanDeal team helps again at Ronald McDonald House - September 14, 2018
On September 13th, the CanDeal team had the opportunity to help out at Ronald McDonald House Charities Toronto, which serves seriously ill children and their families, helping them stay together during their treatment and focus on getting better.
We wanted to once again do more to help these children and their families. This week, the CanDeal team got hands-on in the kitchen to prepare dinner for 81 families currently staying at the House. That is nearly 150 people who enjoyed a meal of mac & cheese, chicken caesar salad and broccoli & cheese. We even had a sundae station with chocolate chip cookies and candy. The kids really loved that!
We are honored to support Ronald McDonald House Charities, and humbled to do just this little bit for them. As always, we wish the children and their families good health and a full recovery.
- Nov04 Press ReleaseSix leading dealers demonstrate commitment to CanDeal - November 04, 2014
MONTREAL/TORONTO, November 4, 2014 – CanDeal is pleased to announce that effective November 1st, 2014 its original six founding bank dealers have renewed their liquidity commitment to CanDeal’s marketplace.
The six bank dealers include: BMO Capital Markets, CIBC World Markets Inc., National Bank Financial, RBC Capital Markets, Scotiabank and TD Securities.
A total of twelve liquidity providers, including all of the Bank of Canada’s Primary Dealers, extend their market making, on CanDeal, to more than 750 global buy-side participants.
- Oct14 Press ReleaseCasgrain & Company Ltd. signs a multi-year contract extension to provide liquidity on CanDeal’s electronic marketplace - October 14, 2014
MONTREAL/TORONTO, October 14, 2014 – CanDeal, the leading institutional electronic marketplace for Canadian bond, money market and derivatives trading, is pleased to announce that Casgrain & Company Ltd. has signed a multi-year contract renewal to continue to provide liquidity on its platform.
Casgrain & Company Ltd. has been a liquidity provider on CanDeal’s marketplace since 2005. As Canada’s largest independent employee-owned institutional income investment dealer, Casgrain has taken a leadership role in the evolution of electronic trading. “CanDeal allows us to efficiently serve our growing global client base, while providing new and innovative ideas that are tailored to the needs of those involved in the Canadian dollar fixed income market," said Guy Casgrain, President from Casgrain & Company Ltd.
- Oct08 Press ReleaseCanDeal participants set new monthly volume record in September - October 08, 2014
MONTREAL/TORONTO, October 8, 2014 - CanDeal is pleased to report that a new monthly volume record of $232 Billion was set during the month of September. Trade volumes for bonds and interest rate swaps surpassed their previous monthly volume records set earlier in 2014. When compared to previous monthly volume records, bond volumes were up 5%, while Interest Rate Swap volumes were up more than two and a half times.
“First and foremost, the team at CanDeal would like to thank our buy- and sell-side participants, ” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “The input and support from our participants is key to ensuring that we create solutions that are uniquely tailored for Canadian bond, derivatives and money markets. As a result, we are excited about our new suite of functionality that will be introduced shortly.”