Casgrain & Company Limited joins CanDeal's group of premier liquidity providers
Montreal, Quebec; Toronto, Ontario (September 6, 2005) – CanDeal, Canada's leader in multi-dealer to institutional investor online debt securities trading is pleased to announce that Casgrain and Company Limited has agreed to a multi-year commitment to join its trading network.
Jayson Horner, President and CEO of CanDeal, said, "I am very excited to welcome Casgrain, another first class financial services organization, to the CanDeal network. Clearly, this demonstrates the value that CanDeal has created for investment dealers as an effective means of serving client needs and growing their business.”
Mr. Horner added that Casgrain is a welcome addition to CanDeal's leading dealer group. He noted that other dealers in the network include National Bank Financial, RBC Capital Markets, TD Securities, Scotia Capital, HSBC Securities, CIBC World Markets and BMO Nesbitt Burns.
Guy Casgrain, President of Casgrain said, "We are very pleased to become a liquidity provider on the CanDeal network as electronic connectivity to our clients will compliment our growing fixed income franchise. CanDeal’s broad customer base and market share will present a great opportunity for Casgrain & Company to demonstrate our commitment and capabilities in the domestic and global marketplaces."
Dale MacMaster Director, Alberta Investment Management said, “CanDeal continues to demonstrate an ongoing commitment to create an expanded pool of liquidity that institutional investors can access. We welcome the participation from Casgrain and we look forward to the addition of other dealers to the platform.
About CanDeal.ca Inc.
CanDeal is Canada's leading institutional investor to multi-dealer online debt securities trading network. CanDeal's robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. The network delivers the market making power of eight of Canada’s leading investment dealers. In addition to straight –through-processing, online trade allocations, real time trade blotters and confirmations, the system also provides its users with superior compliance and audit functionality. The CanDeal electronic marketplace is available to all institutional investors and investment dealers across Canada.
About Casgrain & Company Limited
Casgrain & Company Limited is the largest Canadian owned independent investment dealer specializing in the fixed income market. Casgrain has been in business for almost 60 years and is a primary dealer of the Bank of Canada, and an underwriter of all Canadian provinces, most large municipalities, and many corporations.