Markets Media - Fixed Income Trading & Investing Summit

Markets Media - Fixed Income Trading & Investing Summit

CanDeal is pleased to announce our participation at the 3rd annual Fixed Income Trading & Investing Summit (FITIS), hosted by Markets Media on Tuesday May 6th. CanDeal’s CEO, Jayson Horner, will be participating on a panel focused on liquidity and market structure.FITIS 2014 brings together leaders from all the segments represented in the life cycle of bond and fixed income derivatives trading.For more information on the event, please click here or contact your CanDeal sales representative.

Markets Media | Fixed Income: Focus on Future

Markets Media | Fixed Income: Focus on Future

Liquidity and electronic execution were the dominant themes in fixed-income trading, according to panelists at the Markets Media’s Fixed Income Trading and Investing Summit in New York. Industry leaders provided their perspective on the future of fixed income markets – including comments from CanDeal's CEO Jayson Horner, on the dynamics of the buy-side and sell-side relationship.Click here to read the entire story.

Canadian Electronic Fixed Income & Derivatives Volumes Surpass $10 Trillion on CanDeal

Canadian Electronic Fixed Income & Derivatives Volumes Surpass $10 Trillion on CanDeal

MONTREAL, Quebec & TORONTO, Ontario (June 18, 2014) – CanDeal, the leading institutional electronic marketplace for Canadian bond, money market and derivatives trading, is pleased to announce that aggregate trade volume on its marketplace surpassed $10 Trillion on May 15th, 2014.Since inception, CanDeal’s mandate has been to provide tailored solutions that promote the competitive position of Canada’s capital markets on the global stage. “Our core business values have not wavered from day one,” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “Market participants look to us to deliver comprehensive, reliable and secure solutions to improve their workflow, oversight and insight. This milestone is further evidence we are delivering on our mandate.”Electronic trading of fixed income securities continues to grow in Canada. For the quarter ending March 31, 2014, trade volume on CanDeal was $621 billion, up 18% year-over-year. The continued rise of new regulatory pressures, as well as the desire for more insightful analytic, and oversight information have been drivers for this growth.  “We expect to see continued double-digit growth in electronic trade volumes in 2014. Participants are continuing to deploy straight-through processing solutions, and there is an increasing demand for data-driven insights.” added Tristan Michela, Executive Vice President from CanDeal.About CanDealCanDeal 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) 814-7815www.candeal.com

OTC Intelligence Derivatives Round Table | Interest Rate Swaps - Summary Report

OTC Intelligence Derivatives Round Table | Interest Rate Swaps - Summary Report

Financial regulators are re-shaping OTC derivative markets in an effort to reduce systemic risk. Change has been unfolding for more than five years, but the complexity and nuance of the derivative-market reforms are just now being understood. On May 28, 2014, market participants and industry stakeholders gathered in Toronto to share insight, and gain perspective on how to best prepare for these reforms.

CanPX and CanDeal partner to Strengthen Transparency in Canadian Corporate Debt Market

CanPX and CanDeal partner to Strengthen Transparency in Canadian Corporate Debt Market

Toronto, August 6 2014 – CanPX and CanDeal announced today that CanDeal will begin displaying CanPX trade price information for all the 336 CanPX designated Canadian corporate bonds via its public website (www.candeal.com/bond-quotes).  CanDeal further displays composite bid-offer pricing for Canadian corporate bonds, sourced directly from its dealer network.In addition to Canadian corporate bonds, visitors may also access through the CanDeal website price information for Canadian government bonds and treasury bills, Canadian housing trust (CMB) bonds and provincial bonds.“CanPX is committed to providing timely and useful bond market data to assist in investor decision making” said CanPX President Richard Van Nest.  “CanDeal’s experience, technology capabilities and strong recognition among Canadian and international market participants will further broaden the reach of CanPX’s transparency efforts” concluded Van Nest. “CanDeal has consistently been a proponent of optimal transparency for the Canadian OTC debt and derivatives markets. Evolving to an optimal level of transparency requires taking into account the varying needs of all marketplace participants and the distinct qualities of the Canadian marketplace.” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “We are supportive of the efforts made by CanPX, and we look forward to developing broader solutions with CanPX and with other partners and stakeholders in order to deliver accessible, affordable tailored products and services to all levels of market participants.” added Horner.About CanPXCanPX is a joint initiative between several of Canada’s leading investment dealers and inter-dealer brokers to provide transparency to the over-the-counter debt markets. CanPX is designated by the Canadian Securities Administrators as the Information Processor (IP) for Canada’s corporate debt market. As IP, CanPX collects and consolidates trade and price data for nearly three hundred and forty corporate debt securities as contributed by twelve of Canada’s leading investment dealers. Separately, through its inter-dealer broker participants, CanPX also makes available price and trade information for a comprehensive list of government securities.  For additional information please visit www.canpxonline.ca.About CanDealCanDeal 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 media inquiries:  Andrew KearneyMarketing ManagerCanDealTel: (416) 814-7815Michael GotzamanisManager, CommunicationsInvestment Industry Association of Canada (IIAC)Tel: (416) 687-5475

CanDeal participants set new monthly volume record in September

CanDeal participants set new monthly volume record in September

MONTREAL/TORONTO, October 8, 2014 - CanDeal is pleased to report that a new monthly volume record of $232 Billion was set during the month of September. Trade volumes for bonds and interest rate swaps surpassed their previous monthly volume records set earlier in 2014. When compared to previous monthly volume records, bond volumes were up 5%, while Interest Rate Swap volumes were up more than two and a half times.“First and foremost,  the team at CanDeal would like to thank our buy- and sell-side participants, ” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “The input and support from our participants is key to ensuring that we create solutions that are uniquely tailored for Canadian bond, derivatives and money markets.  As a result, we are excited about our new suite of functionality that will be introduced shortly.”“CanDeal continues to offer a high value solution and it has become an integral part of workflow and investment strategy process,” said Andrew Gretzinger, Managing Director and Fixed Income Portfolio Manager, Canadian Fixed Income, Manulife Asset Management.According to Greenwich Associates, 2014 Greenwich Leaders: Canadian Fixed Income Report, the percentage of volume traded electronically has risen to 48% in 2014, up from 44% in 2013. Electronic trading continues to build momentum despite an overall decrease in market activity.“We look forward to continuing to build strong partnerships with our participants. With them, we are developing a new Value Incentive Programme to  assist our buy-side partners in addressing some of the challenges they may face in today’s low rate, low return environment,” added Tristan Michela, Executive Vice President of CanDeal.About CanDealCanDeal 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 optimal transparency, operational efficiencies and unique business intelligence data. CanDeal’s shareholders 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 dealers’ 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) 814-7815www.candeal.com

Casgrain & Company Ltd. signs a multi-year contract extension to provide liquidity on CanDeal’s electronic marketplace

Casgrain & Company Ltd. signs a multi-year contract extension to provide liquidity on CanDeal’s electronic marketplace

MONTREAL/TORONTO, October 14, 2014 – CanDeal, the leading institutional electronic marketplace for Canadian bond, money market and derivatives trading, is pleased to announce that Casgrain & Company Ltd. has signed a multi-year contract renewal to continue to provide liquidity on its platform.Casgrain & Company Ltd. has been a liquidity provider on CanDeal’s marketplace since 2005. As Canada’s largest independent employee-owned institutional income investment dealer, Casgrain has taken a leadership role in the evolution of electronic trading. “CanDeal allows us to efficiently serve our growing global client base, while providing new and innovative ideas that are tailored to the needs of those involved in the Canadian dollar fixed income market," said Guy Casgrain, President from Casgrain & Company Ltd.“Our core values  and business strategies align well with those of Casgrain & Company Ltd. – both firms pride themselves in being Canadian and on providing unique solutions that fit the needs of the Canadian over-the-counter debt and derivatives markets”, said Jayson Horner, Co-Founder, President & CEO of CanDeal. “Regardless of whether we are developing new functionality, adding new products or building our liquidity pool, our focus is on providing the best possible experience for our participants”, added Horner.About CanDealCanDeal 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 dealers’ electronic access to liquidity in additional debt and derivative marketplaces operated by Tradeweb Markets LLC in the United States and Europe.About Casgrain & Company LimitedCasgrain & Company Limited is the largest Canadian owned independent investment dealer specializing in the fixed income market. Casgrain has been in business for 67 years and is a primary dealer of the Bank of Canada, and an underwriter of all Canadian provinces, most large municipalities, and many corporations.For more information, contact:Andrew KearneyMarketing ManagerCanDeal(416) 814-7815www.candeal.com

Six leading dealers demonstrate commitment to CanDeal

Six leading dealers demonstrate commitment to CanDeal

MONTREAL/TORONTO, November 4, 2014 – CanDeal is pleased to announce that effective November 1st, 2014 its original six founding bank dealers have renewed their liquidity commitment to CanDeal’s marketplace.The six bank dealers include: BMO Capital Markets, CIBC World Markets Inc., National Bank Financial, RBC Capital Markets, Scotiabank and TD Securities.A total of twelve liquidity providers, including all of the Bank of Canada’s Primary Dealers, extend their market making, on CanDeal, to more than 750 global buy-side participants.CanDeal has been a pioneer and an innovator in delivering world class solutions for electronic trading of Canadian dollar bond, derivatives and money markets. As a fully Canadian owned and regulated marketplace, participants are assured of the utmost level of confidentiality, privacy, service and the adherence to the highest standards reflective of Canada’s safe and sound financial system.The fully integrated workflow solutions provided to participants, increases the efficiency of the entire trade cycle, mitigates risk and delivers valuable, insightful business intelligence that is unavailable elsewhere.“We have worked with our buy- and sell-side partners for more than a decade to evolve electronic trading in a way that suits the needs of the Canadian dollar marketplace and participants,” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “Our approach has always been collaborative to ensure we continually deliver value. Once again, we would like to extend our appreciation to all of our participants and partners for their support and guidance.”On, May 16, 2014 CanDeal volumes surpassed the $10 Trillion threshold, truly demonstrating that CanDeal is: Where the Market Comes to Trade! About CanDealCanDeal 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 optimal transparency, operational efficiencies and unique business intelligence data. CanDeal’s shareholders 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 dealers’ 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) 814-7815www.candeal.com

OTC Intelligence - Mandatory Platform Trading of Derivatives: U.S. Update

OTC Intelligence - Mandatory Platform Trading of Derivatives: U.S. Update

Market participants in the U.S. have spent the better part of the year adjusting to new rules as mandatory trading of a range of OTC derivatives on multilateral trading platforms known as Swap Execution Facilities (SEFs) finally became a reality. This paper briefly summarizes the introduction of the SEF mandatory trading obligation and the made-available-to-trade (MAT) determinations that spell out the derivatives that must now be traded on SEFs. More importantly, we take a closer look at how mandatory SEF trading has impacted volumes of interest rate swaps (IRS) traded on these platforms.

OTC Intelligence - Canadian Securities Administrators Consultation Paper 92-401 – Derivatives Trading Facilities

OTC Intelligence - Canadian Securities Administrators Consultation Paper 92-401 – Derivatives Trading Facilities

On January 29, 2015, the CSA released for public comment a consultation paper on the subject of trading of over-the-counter (OTC) derivatives in Canada. The paper sets out a policy framework for implementing in Canada the G20 commitment to require that standardized OTC derivatives be traded on exchanges or electronic trading platforms.
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