CanDeal goes plastic-free in February

CanDeal goes plastic-free in February

Congrats on a plastic-free February! In order to combat the pollution crisis, CanDeal ran an internal "Plastic-Free February" contest. The CanDeal staff was challenged to use ZERO one-time use plastic products during business hours for the entire month of February. That includes plastic coffee lids, water bottles and more!  The contest included helpful giveaway items such as reusable coffee mugs, water bottles, and bento box containers. We’re pleased to announce that Jane Patton, CanDeal’s Product & Support Specialist, won the contest by staying “eco-friendly” for the entire month. She reduced her negative global impact by purchasing glass mason jars and mesh washable bags for vegetables and fruit. Thank you to all who participated in this great initiative – let's keep it going! We look forward to further enhancing our corporate social responsibility efforts.  

TickSmith to Power New CanDeal Market Data Hub

TickSmith to Power New CanDeal Market Data Hub

Toronto, March 12, 2019; CanDeal, the leading institutional electronic marketplace for Canadian debt and derivatives trading, has selected TickSmith to power its recently-announced market data platform. By deploying the TickSmith Data Pooling Platform, CanDeal is able to more quickly and reliably launch the DataVault Innovations data-as-a-service business.Engineered with big data technology to be flexible, secure, and scalable, TickSmith's Data Pooling platform will manage the core data pooling for DataVault Innovations, from ingestion and normalization to analytics, entitlements and delivery.The DataVault Innovations service will consolidate and distribute Canadian over-the-counter (OTC) multi-asset class data from banks and other contributors directly to end-users as well as through third-party distributors. It will also provide evaluated pricing, risk, and analytics services to help comply with regulatory mandates, improve internal risk models, and address other business requirements for market participants.“TickSmith provides the well-tuned engine that DataVault Innovations needs for peak performance,” said Andre Craig, Head of DataVault Innovations. “As an industry service, DataVault Innovations will not only provide the premium data to fuel more impactful product development; it will lead to more reliable benchmarks, expanded access to quality OTC data and vastly improved risk management and regulatory compliance for FRTB and other mandates.”“The consolidation of this OTC multi-asset class data is without peer in the domestic market, which is why we’re so proud to have been asked to build the technology to support,” said Francis Wenzel, CEO of TickSmith. “With our experience in the capital markets, we’re confident that we can deliver an unmatched service to DataVault Innovations, that will be robust enough to support an array of data, services and clients for years to come.”TickSmith's big data management technology operates alongside other applications, analytical/AI/machine learning and business intelligence tools, and is used to manage both public and private data. It has been trusted by exchanges and banks for six years.About CanDealCanDeal is a leading provider of electronic marketplaces and data services for Canadian dollar debt securities and derivatives. Its Markets division, which accounts for more than 90% of electronic trading in Canada, provides access to a deep pool of liquidity for Canadian government, agency, provincial and corporate bonds, as well as money market instruments and interest rate swaps. CanDeal Markets also delivers Canadian institutional investors with electronic access to liquidity in non-Canadian debt and derivative marketplaces operated by Tradeweb. CanDeal Solutions delivers pricing and analytics services that support business, trading and technology needs for participants in the Canadian market, including DataVault Innovations, the market data hub. 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.DataVault Innovations was incubated within the Solutions Group division of CanDeal, which seeks to offer an array of innovative services that complement the core CanDeal Markets trading platform business.About TickSmithTickSmith specializes in Big Data technology and believes the increase in quantity and variety of data is a once in a generation change in Capital Markets infrastructure requirements. Driven by more data intensive data requirements for trading, compliance, artificial intelligence and machine learning, there has never been so much traditional and alternative data to work with. TickSmith’s highly scalable platforms, built on open-source technologies, are crucial in today’s data-driven world.MEDIA CONTACTSFor CanDealPJ Kinsellapj@paragonpr.com646.558.6226For TickSmithmarketing@ticksmith.com514.360.6369

CanDeal Volume Hits New One-Day Record of $23.7 Billion

CanDeal Volume Hits New One-Day Record of $23.7 Billion

CanDeal is pleased to announce that our buyside and sellside community hit a new trading record on June 3, reaching $23.7 billion in total volume. This surpassed the previous one-day record volume of $21.4 billion, set back in December 2018.Contributing to the trading activity on June 3 were the semi-annual coupon payments due on Saturday, June 1, and the maturity of a Government of Canada bond valued at approximately $7.9B.

CanDeal Unveils ‘More Accurate’ Bond Pricing Feed

CanDeal Unveils ‘More Accurate’ Bond Pricing Feed

Canadian fixed-income and derivatives trading platform CanDeal has launched a new real-time pricing service for Canadian bonds, dubbed MarketPrice, which incorporates new pricing inputs and artificial intelligence (AI) to provide a more accurate reflection of market prices, as well as expected price movements.“By incorporating several factors, we are able to produce an indicative price not only for where trades are taking place now, but where they are likely to take place in the future,” says Jamie Grant, President of CanDeal Markets.Access the full article on WatersTechnology.

Charities receive a donation from our December Coupon Contest

Charities receive a donation from our December Coupon Contest

Thank you to all participants who entered CanDeal’s December Coupon Contest.  The winner is Lino Cappucci from Van Berkom, whose guess of $20.6 billion nearly matched the actual two-day total trading volume, before and after the December 1 maturity date, of $20.96 billion! CanDeal has made a $1,000 donation, on Lino Cappucci’s behalf, split between Canadian Cancer Society and Canadian Alzheimer Society. We are very pleased to support our clients’ charities to express how much we value our relationship with you. The Canadian Cancer Society is a national, community-based organization of volunteers whose mission is the eradication of cancer and the enhancement of the quality of life of people living with cancer. The Alzheimer Society is the leading not-for-profit health organization working nationwide to improve the quality of life for Canadians affected by Alzheimer's disease and other dementias and advance the search for the cause and cure. Thank you for your continued support. Congratulations once again to Lino Cappucci, Canadian Cancer Society and Canadian Alzheimer Society.

CanDeal Markets Hits $25 Trillion in Trading Volume

CanDeal Markets Hits $25 Trillion in Trading Volume

Toronto, December 16, 2019; CanDeal, a leading institutional electronic marketplace for Canadian debt and derivatives trading, has surpassed $25 trillion in total trading volume on its marketplace, marking one of the Company’s more significant achievements and a milestone for electronic dealing in Canadian dollar products for its participants.With an average daily volume exceeding $12 billion in 2019, CanDeal offers a deep liquidity pool for Canadian debt securities and will continue to work with marketplace participants to create functionality and workflow efficiencies to optimize the experience for their benefit.“We are pleased to have participated in the transaction that pushed CanDeal over the $25 trillion milestone,” said Nick Wang, Director at BMO Capital Markets. “We look forward to building upon this success.”“The CanDeal platform is crucial for liquidity and access to the Canadian bond and derivatives market,” said Mathieu Lachance, Portfolio Manager, Fixed Income Arbitrage at Gestion Cristallin. “Reaching $25 trillion is a major milestone and we are honored to be a participant in the transaction that pushed CanDeal over that mark.”“This is a major accomplishment for CanDeal and our community of participating buy-side firms and the dealers,” said Jamie Grant, President of CanDeal Markets. “Hitting a historic benchmark like this demonstrates that we’re keeping up with the many structural and regulatory shifts in our markets, while providing the technology and resources that bond and money market trading professionals are looking for.”In October, CanDeal launched MarketPrice℠, a real-time pricing tool for Canadian bond markets that uses artificial intelligence and machine learning algorithms, advanced modeling, and real-time quotes from all major Canadian dealers to deliver for the first time a near-execution quality view of the marketplace. 

CanDeal's 2019 Year in Review

CanDeal's 2019 Year in Review

In 2019, CanDeal surpassed $25 trillion traded since inception, with 2019’s volume reaching $3 trillion to close out the yearWith the growth of CanDeal Evolution in Canada and additional products to follow in the year ahead, we are eager to support the expanding needs of our buyside clients and liquidity providers in 2020.

CanDeal’s DataVault Innovations delivers Canadian banks 400+% increase in FRTB modellability

CanDeal’s DataVault Innovations delivers Canadian banks 400+% increase in FRTB modellability

Technology partnership with TickSmith ensures rapid delivery and scalability of data pooling platform across use cases Toronto, February 26, 2020 DataVault Innovations, the data services division of CanDeal, a leading Canadian provider of financial marketplaces, reported that as a result of its new data pooling platform, banks are seeing dramatic increases in modellable instruments under the new Fundamental Review of the Trading Book (FRTB) rules. The new platform, developed in partnership with Canadian technology provider, TickSmith delivers both regulatory compliance and a data distribution platform. Since the launch of the new platform, BMO Nesbitt Burns Inc., CIBC World Markets, National Bank Financial Inc., RBC Capital Markets, Scotia Capital, and TD Securities have been pooling their data and have seen dramatic increases in modellable instruments under the new FRTB rules, which imposes compliance requirements on banks' wholesale trading activities. “TickSmith has been a great partner in the development of a robust data pooling platform that helps Canadian banks meet FRTB requirements. While this is just one aspect of a broader need for data consolidation, preservation, protection and distribution, we are delighted to be helping the banks demonstrate the value of this important initial use case,” said Andre Craig, Executive Vice President and Head of Data Innovations at CanDeal. The related development of the scalable TickSmith GOLD platform provides an array of data pooling capabilities to a broad set of potential new clients, from the consolidation of data from disparate datasets and sources, the ingestion of that data through configurable ETL (extract, transfer, load) pipelines, as well as the normalization, validation, and anonymization of data. TickSmith GOLD also restricts data access of the end-users through secure, granular entitlement layers, allowing for cell-level control. DataVault Innovation’s use of an AWS infrastructure provides the banks with the highest level of security with encryption at-rest and in-flight. TickSmith enables the platform to further leverage AWS capabilities and ensure that the private data is physically segregated in different buckets and sensitive information is anonymized when data is pooled. These anonymized reports are then delivered back to the client. About DataVault InnovationsDataVault Innovations was incubated within the Solutions Group division of CanDeal, which seeks to offer an array of innovative services that complement the core CanDeal Markets trading platform business. CanDeal is a leading provider of electronic marketplaces and data services for Canadian dollar debt securities and derivatives. Its Markets division, which accounts for more than 90% of electronic trading in Canada, provides access to a deep pool of liquidity for Canadian government, agency, provincial and corporate bonds, as well as money market instruments and interest rate swaps. CanDeal Markets also delivers Canadian institutional investors with electronic access to liquidity in non-Canadian debt and derivative marketplaces operated by Tradeweb.CanDeal Solutions delivers pricing and analytics services that support business, trading and technology needs for participants in the Canadian market, including DataVault Innovations, the market data hub. 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.About TickSmithTickSmith combines cutting-edge technology and a deep knowledge in Capital Markets. Its scalable and modular GOLD software platform is crucial in today’s data-driven economy. GOLD– an acronym for gather, organize, leverage and distribute– is a robust end-to-end data management and analytics solution optimized for the cloud. Financial enterprises accumulate massive amounts of data that is scattered all over the place and key insights are lost in the mountains of data. TickSmith’s GOLD Platform securely processes thousands of data sets, productizes data flows, automates management, enrichment & delivery and enables petabytes of data. 

Canadian charity receive a $1k donation - June Coupon Contest

Canadian charity receive a $1k donation - June Coupon Contest

Thank you to all participants who entered CanDeal’s June Coupon Contest.  The winner is Rob Dyer from City of Edmonton, whose guess of $17.126 billion nearly matched the actual volume of $17.156 billion! CanDeal has made a $1,000 donation, on Rob Dyer’s behalf to Hope Mission. We are very pleased to support our clients’ charities to express how much we value our relationship with you. Hope Mission is a not-for-profit social care agency caring for impoverished and homeless men, women and children in Alberta.Thank you for your continued support. Congratulations once again to Rob Dyer and Hope Mission.
Subscribe to