CanDeal lists Canada Housing Trust CMBs

CanDeal lists Canada Housing Trust CMBs

MARCH 11, 2003 (TORONTO) – Today, CanDeal.ca, Inc. has added Canada Mortgage Bonds (CMBs) to its electronic fixed income trading platform. CMBs are issued by the Canada Housing Trust, a special purpose trust created to issue the bonds. Canada Mortgage and Housing Corporation (CMHC) acts as the Financial Services Advisor to the Trust. The bonds are guaranteed by the Government of Canada through CMHC. The aggregate par value of the four issues outstanding is $17.9 billion.  Using the CanDeal system, institutional investors can see real-time bid and ask prices for each CMB issue, sourced from Canada’s six major investment dealers, and then trade them on-line in the secondary market using CanDeal’s Request for Quote (RFQ) trading protocol. “CanDeal offers improved visibility and transparency - the ability for investors to see where the Canadian market is currently valuing these securities and a venue to trade them efficiently,” said Trevor Gloyn, Treasurer with CMHC. The CMBs are intermingled on price displays with Government of Canada bonds and are traded on a price basis, rather than on a traditional basis point spread relative to a benchmark security. “This format reflects the sovereign credit and liquidity of these securities.” added Mr. Gloyn. Canada Housing Trust CMBs are attractive to investors because they are comparable to Government of Canada bond in terms of credit quality and liquidity.  They may also provide the opportunity for an incremental benefit in yield. "CanDeal establishes a fair, open, and transparent marketplace that delivers operational efficiencies and mitigates risk in the Canadian debt securities markets," said Jayson Horner, CanDeal's President and CEO.  "The addition of Canada Mortgage Bonds comes in response to our clients’ requests for CanDeal to offer the same standards of transparency and trade execution in a broader range of securities.  It is another testament to the growth and success of our system. CanDeal provides our clients with continuous access to the most complete view of where the market is being valued by Canada’s six largest and most active investment dealers.  As well, our clients have direct online access to the deep liquidity that our dealers provide.” About CanDeal.ca, Inc.CanDeal.ca, Inc. is a registered Alternative Trading System that provides Canadian institutional clients with the ability to view and trade debt securities on-line. The CanDeal system offers transparency and liquidity in a fair and open electronic marketplace.  CanDeal enables buy-side participants to realize efficiencies and reduce risks through its unique 'real-time best price' consolidated market views, simultaneous multi-dealer request-for-quote electronic trade order routing and execution capability, and post-trade services. CanDeal, located in Toronto, is owned by six major Canadian investment dealers, Canada's premier stock exchange, a global real-time information and transaction service provider and a global technology solutions provider.

CanDeal announces straight through processing (STP) breakthrough

CanDeal announces straight through processing (STP) breakthrough

‘DEALXPRESS’ OFFERS SEAMLESS FIXED INCOME STP SOLUTIONToronto – August 19, 2003 – CanDeal.ca Inc., Canada’s leading on-line institutional multi-dealer to client debt securities trading system, today announced an important breakthrough for the Canadian Capital Markets industry mission to achieve straight-through-processing (STP). CanDeal is pleased to announce the launch of DealXpress™ Version 1.0, a new trade processing solution that can electronically pass matched trades completed on CanDeal through to a client’s portfolio management system.DealXpress version 1.0 is the first release in a series of planned, customized enhancements by CanDeal, that enables institutions and dealers to allocate, confirm and settle trades electronically.  CanDeal customers have played key, lead roles in helping to define and test this initiative. Electronic trade-processing innovations are considered essential components, required to help the Canadian Debt Industry reach its goal of implementing STP. “This new enhancement demonstrates CanDeal’s ongoing commitment to enhance its products and services for the benefit of the Canadian Capital Markets” said Jayson Horner President & CEO CanDeal. “In their recent paper on Industry Trade processing Best Practices, the Canadian Capital Markets Association, the industry group promoting STP in Canada, stated that the ability to pass financial information electronically on a timely, accurate system-to system basis – to all parties in a transaction chain – is considered a pre-requisite to shortening the settlement cycle to (T+1).  It is also key to both helping position firms for future growth and to maintaining the competitiveness of Canada’s capital markets. We are working closely with members of the CCMA and other Industry participants to create the technology and electronic information flow necessary to help Canada’s debt markets achieve STP,” he added.DealXpress version 1.0 can electronically pass matched trade information, including allocations, to the front, mid or back office of the investment dealer and to the portfolio management, trade management or accounting system of the CanDeal client. The ability to pass details of a trade electronically will result in fewer failed trades, lower trade processing costs, and accelerate the trade settlement process cycle, thus saving the industry significant costs. With DealXpress trades executed on CanDeal no longer need to be manually input by the trader or portfolio manager. The trades can electronically flow into a portfolio management system thereby saving time and effort. Additionally, the financial (or settlement) risk associated with failed trades due to input errors is significantly reduced.   About CanDeal.ca Inc. CanDeal is Canada's leading institutional customer to multi-dealer online fixed income trading network. CanDeal's robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada's largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buyside participants and dealers across Canada.CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in "Straight-Through Processing" (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability.CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform. CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first debt securities trading system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer.  In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.

CanDeal to launch online Provincial bond trading market

CanDeal to launch online Provincial bond trading market

New Provincial bond market will be the first trading product to include co-mingled prices from 6 of Canada’s major dealersSEPTEMBER 9, 2003 (TORONTO) - CanDeal, Canada’s leading on-line institutional multi-dealer to client debt securities trading system announced today that in response to strong customer demand it is adding Provincial Bond issues to its proprietary trading network.“A great many of our existing customers have requested the ability to utilize our proprietary and proven trading model to obtain firm markets from multiple dealers simultaneously on both “outright” [single  security] Provincial bond trades and “basis” [yield spread] trades between Canada’s and Provincials or between two Provincial bonds,” said Jayson Horner,  President and CEO of CanDeal.ca Inc.“We have worked closely with our customers to ensure that the trading etiquette and conventions match the needs of the Canadian debt industry as we continue to evolve electronic trading.”  The CanDeal Provincial bond market will be anchored by the liquidity of the industry’s leading dealers. A beta group of CanDeal clients are currently evaluating the new Provincial bond pricing and trading capabilities which are scheduled for general availability in the near future. “We expect that delivering the additional functionality and product breadth that CanDeal participants have been asking for will lead to a further increase in the share of market trading activity on CanDeal’s electronic fixed income platform and to the addition of new dealers,” said Horner.For the first time anywhere Canadian Institutional investors will have the ability to view real-time “co-mingled” Provincial bond prices received directly from the six major Canadian dealers and to deal online at the best price or spread in a fraction of a second on CanDeal’s live dealing screen. CanDeal’s Provincial bond trading service will be available for a free trial period to all new and existing CanDeal users.About CanDeal.ca Inc. CanDeal is Canada's leading institutional customer to multi-dealer online fixed income trading network. CanDeal's robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada's largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buyside accounts and dealers across Canada.CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in "Straight- Through-Processing" (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability.  CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer.  In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund. 

TSX Datalinx distributing CanDeal data through Thomson Financial

TSX Datalinx distributing CanDeal data through Thomson Financial

Agreement sees information to go on Thomson ONE terminals further access and visibility for debt market transparency in CanadaFEBRUARY 11, 2004 (TORONTO) – TSX Datalinx  has signed an agreement with Thomson Financial to distribute CanDeal’s real-time market data to traders and investors across Canada and around the Globe.  Under the terms of the agreement, Thomson will provide CanDeal pricing to Thomson ONE Yield users globally, and will make the data available to all retail users of Thomson ONE in Canada.  Thomson Financial, a leading provider of information technology solutions to the global financial community, is an operating unit of the Thomson Corporation (TSX: TOC, NYSE: TOC).  Thomson ONE is a flexible, open application framework that dynamically integrates data and applications from Thomson, proprietary and third party sources to a single user interface.The CanDeal data contains the best real-time market data taken from Canada’s six major domestic investment dealers.  CanDeal’s real-time market data is the most timely, complete and accurate view of where these dealers are valuing all domestic Government of Canada bonds and Treasury Bills and a wide range of Provincial and Corporate issues. TSX Datalinx uses its LinxPointOne data distribution product to deliver and manage the CanDeal Market Data offering to Thomson and a number of other leading data vendors.Jim Fiesel,  executive vice president,  Thomson Financial, said, “Through this arrangement and the addition of CanDeal data through TSX Datalinx, Thomson ONE Yield has further strengthened its market data, with a first-rate source of Canadian fixed income pricing. It is exciting to be in a position to truly expand our presence in Canada and the rest of the world as we continue to grow the Thomson ONE offering.  This is a major step forward for our Canadian fixed-income strategy.”“We are pleased that Thomson has signed this distribution agreement.  This arrangement will provide Thomson with a superior Canadian fixed income data product,” said Jayson Horner, President and CEO of CanDeal. “CanDeal’s prices and trading platform are utilized by institutional market professionals all across Canada and now CanDeal Market Data will broaden its reach to significantly enhance market transparency.”“This Thomson deal is very important for us,” said Eric Sinclair, Senior Vice-President of TSX Datalinx.  “It further expands the distribution of CanDeal data on LinxPointOne – and acknowledges that LinxPointOne provides our clients with a comprehensive distribution network to reach critical end users of market data right around the world.”To obtain information on CanDeal data access, please contact John Andrew at 416-947-4289, by e-mail john.andrew@tsxdatalinx.com or Michelle Tran at 416-947-4583, by email michelle.tran@tsxdatalinx.com.About CanDealCanDeal is Canada's leading institutional customer to multi-dealer online fixed income trading network. CanDeal's robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada's largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buy-side accounts and dealers across Canada.CanDeal's fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in "Straight-Through-Processing" (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability. CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer. In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.About TSX DatalinxTSX Datalinx is the name for TSX Group Inc.’s (TSX: X) data operation.  TSX Datalinx provides a broad range of data products and services, offering both real-time and historical data to customers across Canada and around the globe.About Thomson FinancialThomson Financial is a US$1.6 billion provider of information and technology solutions to the worldwide financial community.  Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results.  Thomson Financial is part of The Thomson Corporation (www.thomson.com), a leading provider of valueadded information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate training and assessment, scientific research and healthcare. With revenues from continuing operations of US$7.5 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC). 

New milestone for CanDeal

New milestone for CanDeal

Aggregate Dollar Value of Trading Exceeds $100 billionAugust 18, 2004 (TORONTO) – Today, CanDeal.ca announced that the volume traded in debt securities by Institutional Investors on CanDeal’s trading network has surpassed $100 billion. This marks a milestone in CanDeal’s brief history of providing institutional investors and dealers with online debt trading and market data tools to compliment their traditional market activities.“With over 100 unique institutional users executing trades, combined with our data distribution agreements with TSX Datalinx and three leading market data vendors, and now $100 billion traded - we continue to see strong market validation of our platform and trading model,” says Jayson Horner, President and CEO of CanDeal.  Increasingly, asset managers, investment counselors, corporate and public pension funds, mutual fund companies, government and corporate treasury desks, and life insurance companies are using CanDeal for debt trading in all market conditions.  Online trading allows them to achieve best execution using consistently applied trade management practices and to realize electronic trade processing efficiencies.CanDeal provides value to fixed-income market professionals through its complete and accurate views of market prices; continuous access to Canada’s deepest pool of liquidity; effective price discovery through its RFQ trading protocol; fast execution; detailed audit trail and on-line recordkeeping; and straight-through processing solutions.  “CanDeal’s electronic debt-trading platform is becoming a core element of institutional trading, complimenting the institutional investors’ tool set of information, transaction, and post-trade management solutions,” says Mr. Horner."I like CanDeal's order execution capability.  My bond orders are executed in a swift and efficient manner at the best price available," says Paul Fahey, managing partner for Aurion Capital Management Inc. "CanDeal's automatically generated audit trail greatly simplifies our post-trade documentation and compliance procedures.""My goal is to have a higher standard in our trade management practices.  The CanDeal trading protocol helps me in achieving the best execution for my clients by creating a very competitive auction environment," adds Mark Carpani vice president of Bonds for Mulvihill Capital Management.CanDeal provides its network subscribers with unparalleled price transparency and trade execution for Government of Canada Bonds and T-Bills, Provincial issues, and Canada Housing Trust CMB’s.  CanDeal’s liquidity pool consists of Canada’s six largest and most active domestic dealers.About CanDeal.ca Inc. CanDeal is Canada's leading institutional customer-to-multi-dealer online fixed income trading network. CanDeal's robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada's largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buy-side participants and dealers across Canada.CanDeal’s fair and open proprietary auction model permits authorized institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in straight-through processing (STP) solutions, CanDeal provides its participants with electronic trade reporting, online detailed audit trails, an integrated trade allocation facility and trade data export capability.  CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.CanDeal was formed in June 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is the first debt securities trading system to be recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer.  In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund. 

CanDeal deals a $1 billion day

CanDeal deals a $1 billion day

OCTOBER 19, 2004 (TORONTO) – CanDeal, Canada’s leader in online debt securities trading, announced that its single day trading volume surpassed the $1 Billion mark, based on the par value of debt securities traded, as measured by one side of a transaction.  This marks yet another milestone in CanDeal’s brief history of providing institutional investors and dealers with online debt trading and market data tools to compliment their traditional market activities.“Achieving a billion dollar day is a noteworthy accomplishment,” said Jayson Horner, President and CEO of CanDeal. “Increased daily volumes and an expanding list of Institutional Investors participating on our network clearly demonstrate that over the past year electronic trading is becoming part of the day to day workflow of the Institutional professional.”Increasingly, asset managers, investment counselors, corporate and public pension funds, mutual fund companies, government and corporate treasury desks, and life insurance companies are using CanDeal for debt trading in all market conditions.  The CanDeal trading network allows an Institutional Investor to achieve a higher standard of trade management practices and exceed compliance requirements through its RFQ trading protocol; fast execution; detailed audit trail and on-line recordkeeping; and straight-through processing solutions.About CanDeal.ca Inc. CanDeal is Canada's leading institutional customer to multi-dealer online fixed income trading network. CanDeal's robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada's largest institutional customers. The CanDeal electronic marketplace is open and available to all institutional buyside clients and investment dealers across Canada. 

CanDeal deals $10 billion month

CanDeal deals $10 billion month

December 1, 2004 (TORONTO) – CanDeal, Canada’s leader in online debt securities trading, today announced that it achieved record trading volume for the month of November. Over $10 Billion in debt securities were traded on the CanDeal network, up 43% from the same period last year. Over $130 Billion in fixed income securities have been traded by Institutional Investors on the platform. In November, bond trading accounted for 70% of total trading while money market securities made up the remainder.The CanDeal trading network allows an Institutional Investor to achieve a higher standard of trade management and compliance through its RFQ trading protocol. It delivers fast execution, detailed audit trails, on-line recordkeeping, and straight through processing solutions. Increasingly, asset managers, investment counselors, corporate and public pension funds, mutual fund companies, government and corporate treasury desks, and life insurance companies are using CanDeal for debt trading in all market conditions.“Each day represents a greater acceptance of online fixed income trading,” said Jayson Horner, President and CEO of CanDeal. “Increasing volumes and an expanding list of institutional investors participating on our network demonstrate that electronic trading is indeed becoming part of the day-to-day workflow of the Institutional professional.”About CanDeal.ca Inc. CanDeal is Canada's leading fixed income electronic trading network for institutional money managers.  CanDeal's robust and reliable platform provides its participants with continuous access to the market making power of the six largest domestic investment dealers. This is the deepest pool of liquidity in Canada. The CanDeal electronic marketplace is open and available to all institutional buy-side accounts and investment dealers across Canada. 

HSBC Bank Canada and HSBC Securities (Canada) Inc. join CanDeal's group of premier liquidity providers

HSBC Bank Canada and HSBC Securities (Canada) Inc. join CanDeal's group of premier liquidity providers

Toronto, Ontario (February 15, 2005) – CanDeal, Canada's leader in multidealer to client online debt securities trading is pleased to announce that HSBC Bank Canada and HSBC Securities (Canada) Inc. have agreed to a multi-year commitment to join its trading network.HSBC is a welcome addition to CanDeal's dealer group.  Other dealers in the network include TD Securities, ScotiaCapital, RBC Capital Markets, National Bank Financial, CIBC World Markets and BMO Nesbitt Burns.Brad Meredith,  Executive Vice President, Investment Banking and Markets Canada, HSBC Bank Canada said, "We are pleased to become a liquidity provider to CanDeal.  This will allow us to better serve our existing clients and broaden our customer base. It is consistent with how global fixed income markets are evolving and clearly Canadian institutional fixed income clients have embraced electronic trading. We look forward to providing our clients with all the benefits of online execution."Jayson Horner, President and CEO of CanDeal, added, "I am delighted to welcome another first class financial services organization to the CanDeal network. This development demonstrates our ongoing commitment to create an expanded pool of liquidity that institutional investors can access through CanDeal and it attests to the value that CanDeal has created for investment dealers as an effective means of serving clients.”The introduction of CanDeal to the Canadian debt capital markets has been a material step in the evolution of debt trading in Canada; helping to ensure that Canada remains competitive with other G10 capital markets.  The addition of HSBC Bank Canada and HSBC Securities (Canada) Inc. to the network is another important step to ensuring the success of a CanDeal goal to globalize online access for Canadian securities. 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 seven of Canada’s largest 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 HSBC  HSBC Bank Canada, a subsidiary of HSBC Holdings plc, has more than 170 offices. With about 10,000 offices in 76 countries and territories and assets of US$1,154 billion at 30 June 2004, the HSBC Group is one of the world’s largest banking and financial services organizations. HSBC Securities (Canada) Inc., a subsidiary of HSBC Bank Canada, offers a full range of local and international investment and advisory services, leveraging the global capabilities and strengths of the HSBC Group. 

CanDeal and Thomson Tradeweb join forces to deliver online fixed income markets for institutional investors in Canada

CanDeal and Thomson Tradeweb join forces to deliver online fixed income markets for institutional investors in Canada

CanDeal to Adopt TradeWeb Technology; CanDeal and TradeWeb to Offer Access to US and European Markets to Canadian Institutional Investors and DealersTORONTO/JERSEY CITY (June 2, 2005) – CanDeal, the leading multi-dealer-to- institutional investor online debt securities trading platform in Canada, and Thomson TradeWeb, a unit of the Thomson Corporation (NYSE: TOC; TOR: TOC) announced today a long-term technology and co-marketing agreement. Under the terms of the agreement, TradeWeb will supply CanDeal with its leading, world class trading network and straight-through trade processing solutions to significantly enhance the domestic trading services offered by CanDeal to Canadian institutional investors and investment dealers.“The CanDeal TradeWeb partnership creates a powerful link into the global capital markets for the institutional fixed-income marketplace in Canada.” said Jayson Horner, Chief Executive Officer of CanDeal.  “By having the CanDeal trading platform integrated with TradeWeb, CanDeal has ensured that the Canadian debt capital markets will have the necessary infrastructure to remain competitive with other G10 markets and that institutional investors, inside and outside of Canada gain electronic access to a larger liquidity pool from leading global investment dealers.  They also benefit from highly efficient trade processing with the dealers.”Through CanDeal, Canadian institutional investors and investment dealers will gain unprecedented access to TradeWeb’s global network of online fixed-income markets. Furthermore, this strategic alliance will provide CanDeal investment dealers with the opportunity to receive trade flows in CanDeal products from TradeWeb’s global client base of more than 2,000 buy-side institutions.“We are delighted to team up with CanDeal in the Canadian market and provide institutional investors with unparalleled online access to global capital markets.” said Jim Toffey, Chief Executive Officer of Thomson TradeWeb.  “With its rapidly growing trading volumes and extensive franchise among dealers and institutional investors CanDeal is an excellent partner.  It provides Thomson TradeWeb with a strong foundation for expanding its business within the Canadian market.”Tim Cain, Managing Director and Global Head of Fixed Income Electronic Trading, RBC Capital Markets, said “We have embraced the manner in which global fixed income markets are evolving electronically. The benefits of electronic trading are widely recognized and we have a strong commitment to servicing client needs in this increasingly important aspect of their business.”“NBF’s expanding capital markets business is planning to take full advantage of the domestic and global opportunities afforded to us through this dynamic platform. We strongly believe that the platform will broaden our client base and enhance customer service.” said Denis Girouard, Executive Vice President and Managing Director, National Bank Financial.Gary Gibson, Director of Capital Markets for Manitoba Treasury said “CanDeal and TradeWeb deliver benefits in terms of access to depth of products, services and liquidity that will improve trade execution and increase overall transparency in the market.  As an investor, the new platform provides a trading environment that helps us with our compliance needs and now it will provide access to debt securities in foreign markets. As an issuer, we also look forward to the benefits of the online exposure created through this partnership.” When the new CanDeal system becomes available over TradeWeb later in 2005, clients will be able to seamlessly execute trades in all the asset classes traded by TradeWeb and CanDeal, as well as having access to leading straight-through processing and market data.   About CanDealCanDeal is Canada's leading multi-dealer-to-institutional investor online debt securities trading network (www.candeal.ca). CanDeal's robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of seven of the world’s largest investment dealers.The CanDeal electronic marketplace is open and available to all institutional investors and investment dealers across Canada. 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.  CanDeal also provides a real time market data price feed for fixed income securities. About Thomson TradeWebTradeWeb is the leading online Fixed Income trading network, with over 7 million trades and total volume surpassing $77 trillion since its inception in 1998. TradeWeb’s multi-dealer auction model links 161 trading desks of 34 of the world’s leading Fixed Income dealers with more than 2,000 Buyside institutions in North & South America, Europe and Asia. The business is also the leading electronic straight-through processing network for the Fixed Income market, providing dealers and buy-side institutions with paperless trade allocations and confirmations on its fully integrated TradeXpress network. TradeWeb’s STP network also includes AccountNet, the first OTC derivatives counterparty management tool and the leading data warehouse for OTC derivatives legal documentation and standing settlement instructions for all fixed income products.About Thomson FinancialThomson Financial is a US$1.73 billion provider of information and technology solutions to the worldwide financial community.  Through the widest range of products and services in the industry, Thomson Financial helps clients in more than 70 countries make better decisions, be more productive and achieve superior results.  Thomson Financial is part of The Thomson Corporation (www.thomson.com), a global leader in providing integrated information solutions to more than 20 million business and professional customers in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare.  With revenues of US$8.10 billion, The Thomson Corporation lists its common shares on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC). 

Casgrain & Company Limited joins CanDeal's group of premier liquidity providers

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. 
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