TD Securities, Scotia Capital and CIBC World Markets Lead The Way
TORONTO, Aug. 20 /CNW/ - CanDeal, the leading global online marketplace
for Canadian debt securities is pleased to announce a new record week on its
Canadian Money Market (CAMM) platform. During the week of August 11, 2008
Canadian and Offshore CAMM institutional clients executed over 250 trades,
representing nearly $3 Billion of traded volume.
CanDeal's marketplace delivers online efficiencies and enhances liquidity
by providing a one-stop shop for money market investments. Institutional
investors and treasury managers experience benefits through online access to a
complete range of Canadian money market products (Banker Acceptances, Bank
Deposit Notes, Commercial Paper, Crown Corporations, Provincial Bills).
CanDeal consolidates offerings from Canada's leading dealers in a single
real-time and commingled display that allows users to locate, query and invest
in products that best suit their needs; all in a matter of seconds.
The continued growth of CAMM validates electronic money market trading,
CanDeal's mandate and the commitment of its participating dealers. TD
Securities, Scotia Capital and CIBC World Markets lead the way on CAMM;
increasing their distribution power and the strength of their client
relationships by delivering new value.
"We are extremely pleased with the rate at which CAMM is growing. On CAMM
alone, we now see flows at a pace of over 1000 trades a month." says Jayson
Horner, Co-founder, President and CEO of CanDeal. "Moving forward, we will
continue to focus on providing tools and services to help develop and
strengthen electronic trading relationships."
CAMM pools the liquidity of nine leading dealers including: BMO Capital
Markets, CIBC World Markets, Desjardins Securities, HSBC Canada, Laurentian
Bank Securities, National Bank Financial, RBC Capital Markets, Scotia Capital
and TD Securities.
CanDeal is the leading global 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 dealers online access to liquidity in 17 debt and derivative
marketplaces operated by Tradeweb in the United States and Europe.
For further information:
For further information: Jayson Horner, Co-Founder, President & Chief
Executive Officer, CanDeal, (416) 814-7817, www.candeal.ca