CanPX and CanDeal partner to Strengthen Transparency in Canadian Corporate Debt Market
Toronto, August 6 2014 – CanPX and CanDeal announced today that CanDeal will begin displaying CanPX trade price information for all the 336 CanPX designated Canadian corporate bonds via its public website (www.candeal.com/bond-quotes). CanDeal further displays composite bid-offer pricing for Canadian corporate bonds, sourced directly from its dealer network.
In addition to Canadian corporate bonds, visitors may also access through the CanDeal website price information for Canadian government bonds and treasury bills, Canadian housing trust (CMB) bonds and provincial bonds.
“CanPX is committed to providing timely and useful bond market data to assist in investor decision making” said CanPX President Richard Van Nest. “CanDeal’s experience, technology capabilities and strong recognition among Canadian and international market participants will further broaden the reach of CanPX’s transparency efforts” concluded Van Nest.
“CanDeal has consistently been a proponent of optimal transparency for the Canadian OTC debt and derivatives markets. Evolving to an optimal level of transparency requires taking into account the varying needs of all marketplace participants and the distinct qualities of the Canadian marketplace.” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “We are supportive of the efforts made by CanPX, and we look forward to developing broader solutions with CanPX and with other partners and stakeholders in order to deliver accessible, affordable tailored products and services to all levels of market participants.” added Horner.
About CanPX
CanPX is a joint initiative between several of Canada’s leading investment dealers and inter-dealer brokers to provide transparency to the over-the-counter debt markets. CanPX is designated by the Canadian Securities Administrators as the Information Processor (IP) for Canada’s corporate debt market. As IP, CanPX collects and consolidates trade and price data for nearly three hundred and forty corporate debt securities as contributed by twelve of Canada’s leading investment dealers. Separately, through its inter-dealer broker participants, CanPX also makes available price and trade information for a comprehensive list of government securities. For additional information please visit www.canpxonline.ca.
About CanDeal
CanDeal is the leading electronic marketplace for Canadian dollar fixed income securities and derivatives (www.candeal.com). 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 media inquiries:
Andrew Kearney
Marketing Manager
CanDeal
Tel: (416) 814-7815
Michael Gotzamanis
Manager, Communications
Investment Industry Association of Canada (IIAC)
Tel: (416) 687-5475