MONTREAL AND TORONTO, April 13 /CNW/ - CanDeal is pleased to report
that, during the month of April, aggregated traded volumes on its
marketplace surpassed $4 Trillion.
"Our fourth trillion was completed 6 times faster than it took us to
reach our first trillion," said Jayson Horner, Co-Founder, President
and CEO of CanDeal. "Further, recent industry statistics tell us that
CanDeal's 2010 bond volume growth rate has more than doubled the growth
rate of the traditional telephonic market."
The quarter ending March 31, 2011 set new quarterly trade count and
volume records, at over 42,000 trades and $340 billion in traded
volume. "We've started off the year firing on all cylinders, as market
participants continue to embrace electronic trading for its trade
execution efficiencies, straight through processing and adherence to
best practices," said Tristan Michela, Executive Vice President at
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. The network
delivers the market making power of Canada's 12 Primary Dealers.
CanDeal's marketplace is available to institutional investors in
Canada, the United States and Europe. In addition to
straight-through-processing, online trade allocations, real time trade
blotters and confirmations, the network also provides its users with
superior compliance and audit functionality. CanDeal's stakeholders
include: BMO Nesbitt Burns Inc., CIBC World Markets, National Bank
Financial Inc., RBC Capital Markets, Scotia Capital, TD Securities and
CanDeal also offers Canadian institutional investors and investment
dealer's online access to liquidity in additional debt and derivative
marketplaces operated by Tradeweb in the United States and Europe.
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