As central-limit order books and over-the-counter platforms battle for derivatives trading supremacy in the US, the rest of the world has other concerns. FT.com featured an op-ed piece from CanDeal’s CEO Jayson Horner on transparency in the over-the-counter (OTC) derivatives market. To read the article click here.

MONTREAL/TORONTO, January 16, 2013: CanDeal announced the launch of the first electronic multi-dealer-to-customer marketplace for Canadian dollar interest rate swaps in collaboration with Tradeweb Markets LLC. The new platform provides a more efficient means for market participants to meet G20 mandates and adhere to pending swap execution facility (SEF) rules.While CanDeal has been the leading provider of electronic markets for Canadian bonds and money market trading for over a decade, this is its first move into derivatives. To date, nine bank/dealers are providing liquidity on the new platform.“We are pleased to take a pioneering role in the development of the Canadian derivatives markets,” said Jayson Horner, President, CEO and Co-Founder from CanDeal. “Increased transparency and efficiency are hallmarks of pending global swaps regulation, which electronic markets such as this are set up to deliver. We look forward to providing these benefits to our global client base in the same way they have become accustomed to in the broader Canadian fixed income markets.”“CanDeal stands for improved transparency and liquidity – that is something we support. We look forward to the trading opportunities their new Canadian dollar swap product will bring,” said George Karkas, Vice President, Fixed Income Trading of Maple Securities.The multi-dealer-to-client marketplace is powered by Tradeweb technology and supports trading for both Canadian dollar and U.S. dollar interest rate swaps as part of a North American product package on CanDeal.CanDeal clients are now also able to access Tradeweb markets for Euro, Yen, Sterling, Swiss Franc, Danish Krone, Norwegian Krone, Swedish Krona, Australian dollar and New Zealand dollar interest rate swaps. Multiple trading models are available depending on the currency, and the platform provides access to clearing houses, market affirmation vendors and data repositories.Tradeweb, the leading electronic multi-dealer-to-customer marketplace for U.S. and European derivatives, now offers 11 currencies for interest rate swap trading with the addition of Canadian dollar swaps. Tradeweb launched its US Dollar and Euro interest rate swaps platforms in 2005 and has seen more than $12 trillion in notional volume traded over 125,000 swap trades.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.

As Canadian regulators strive to meet G20 commitments on derivatives regulatory reform, CanDeal announced the launch of the first multi-dealer-to-client trading platform for Canadian dollar interest rate swaps. Don Curren of Dow Jones reports on the launch of the new marketplace and the evolution of electronic trading. The article features comments from CanDeal’s Co-Founder, President and CEO, Jayson Horner. To read the article click here.

Similar to last year, we’ve created a visual snapshot of some of the key numbers that would be of interest to our participants. Our 2012 CanDeal Year in Review infographic provides a holistic view of our electronic trading business.

MONTREAL/TORONTO, March 13, 2013 – CanDeal, the leading institutional electronic marketplace for Canadian rates, money market and derivatives, is pleased to announce that Morgan Stanley will be joining its marketplace as a liquidity provider for Government of Canada bonds.The addition of Morgan Stanley to CanDeal’s marketplace deepens the electronic liquidity pool in Canada to 14 providers. More than 250 global institutions leverage CanDeal to gain insight and direct access to Canadian dollar product. As markets become increasingly linked by technology, Morgan Stanley continues to expand its business around the world. “Morgan Stanley is pleased to join CanDeal as a provider of liquidity in Canadian Government Bonds. Adding CanDeal further strengthens Morgan Stanley's offering to clients in major government bond markets globally,” said Glenn Hadden, Managing Director, Head of Global Interest Rate Products from Morgan Stanley. “Our goal is to provide a marketplace that strengthens the position of Canada’s debt markets,” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “The success of our marketplace is contingent upon providing solutions to market participants that delivers optimal transparency, efficient trade execution and unique business intelligence data, while reducing operational risk. The addition of another world-class investment dealer, such as Morgan Stanley, further solidifies CanDeal as the premier destination for institutional marketplace participants to transact in Canadian dollar securities.”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 more information, contact:Andrew KearneyMarketing ManagerCanDeal(416) 814-7815 

Trade volumes increased significantly quarter-over-quarter as buy- and sell-side participants continue to join our marketplace. Below are a few highlights of our business highlights from Q1-2013.Cumulative trade volumes surpass $7 TrillionVolumes increase quarter-over-quarter: GoC up 29%, CMB up 19% and Provincial bonds up 37%Buy-side participant community grows to more than 650 users

The Commodity Futures Trading Commission (CFTC) held a public meeting on May 16, 2013 to discuss trade execution rules and anti-disruptive trading practice guidance. All four of the rules were passed and are expected to be published by the Federal Register in June. Click the link below to read a summary of each of the rules that were voted on and how these rules will impact market participants.

The global regulatory environment for trading swaps is changing rapidly. This OTC Intelligence piece focuses on minimum block sizes for interest rate swaps, electronic pre-trade credit checking functionality and connectivity for central clearing.

Participants set new quarterly trade count and volume records at 60,661 trades and $606 billion in trade volume. Bonds lead the charge with 26% growth quarter over quarter.  Below is an overview of our business highlights from Q2-2013.eFIRM technology went live in Q2-2013Largest Q/Q volume increases by product: GoC bonds up 30%, Provincial bonds up 35% & CAD IRS up 92%Buy-side participant community grows to more than 700 users 

Greenwich Associates 2013 North American Fixed-Income Investors Study showed their respondents executed 44% of their volume electronically, up from 40% the year before. Canadian government bond e-trading volumes on CanDeal increased 11% in calendar 2012. Greenwich Associates data shows that government bonds account for roughly half of Canadian total fixed-income trading volumes.