CanDeal sets multiple new records for Canadian electronic debt trading
MONTREAL, Quebec & TORONTO, Ontario (July 6, 2009) – CanDeal is pleased to announce that it’s domestic and foreign participants have set multiple trading records for the month of June and for the quarter ending June 30, 2009.
In the month of June, 2009, CanDeal inquires surpassed $80 Billion and total traded volume was close to $70 Billion. Additionally, in the month of June, new records were achieved for the highest monthly trade count and for the number of participants executing transactions over CanDeal’s marketplace. Of particular note, the number of foreign participants executing trades reached a new record, with over 40% of active clients being located outside of Canada.
Similarly, for the quarter ending June 30, 2009, new records were set for inquiries and traded volume at over $200 Billion and approximately $175 Billion respectively. In addition, quarterly trade count was a record 24,520, beating the previous record quarter by almost 15%.
“I’d like to thank our sell side and buy side participants for their continued support” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “We have been very encouraged by the widespread and accelerated usage of our marketplace by both domestic and foreign participants. For example, we executed our second trillion in about 30% of the time that it took us to execute our first trillion!”
About CanDeal
CanDeal is the leading online marketplace for Canadian dollar debt securities (www.candeal.ca). CanDeal provides online access to the largest pool of liquidity for Canadian government bonds and money market instruments. CanDeal’s marketplace is available to institutional investors in Canada, the United States and Europe.
CanDeal offers Canadian institutional investors and investment dealer’s online access to liquidity in 15 debt and derivative marketplaces operated by Tradeweb in the United States and Europe.