Over $100 billion trades on CanDeal; record quarter and market share attained
MONTREAL, Quebec & TORONTO, Ontario – CanDeal is pleased to report that its participants traded a record $113 Billion in Canadian debt securities during the month of September, 2010.
In addition to the record volume achieved, the team at CanDeal is pleased to report that a record number of institutional buy-side users executed trades in the month.
“Over the past quarter traded volume surpassed $278 Billion, trade count exceeded 34,600 and over 400 buy-side participants executed trades” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “On behalf of the entire CanDeal team, I would like to thank our participants for their continued support and input” added Horner.
Additionally, according to the latest available Investment Industry Regulatory Organization of Canada (IIROC) statistics, CanDeal is pleased to report significant market share growth in the second quarter of 2010. During this period, IIROC secondary market volume statistics for Government of Canada bonds, increased by 52% over the prior year’s second quarter, compared to a 96% increase for CanDeal over the same period.
About CanDeal
CanDeal is the leading online marketplace for Canadian dollar debt securities (www.candeal.ca). CanDeal provides online access to the largest pool of liquidity for Canadian government bonds and money market instruments. The network delivers the market making power of Canada’s 12 Primary Dealers. CanDeal’s marketplace is available to institutional investors in Canada, the United States and Europe. In addition to straight-through-processing, online trade allocations, real time trade blotters and confirmations, the network also provides its users with superior compliance and audit functionality. 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 online access to liquidity in additional debt and derivative marketplaces operated by Tradeweb in the United States and Europe.