TORONTO, Nov. 13 /CNW/ - CanDeal is pleased to report a 218% increase in
the number of trades executed on its Canadian Money Market (CAMM) trading
platform in the second half of its fiscal year, ended October 31, 2007. "This
rapid growth of trades is consistent with the U.S. and European experience and
the widespread adoption of online trading in money markets, globally. All of
the leading dealers in the Canadian money market participate on CanDeal," says
Shirley Gallant, Managing Director for CanDeal.
CAMM is the only destination where domestic and international
institutional investors and treasury managers can sort, filter and view
multiple dealer offerings of Canadian money market instruments (BA's, BDN's,
CP, ABCP, Crown Corporations, Provincial Bills) in a single commingled
display. CAMM can reduce to a matter of seconds the pre-trade discovery, trade
execution and the post-trade allocation processes. Users may trade at
dealer-posted levels or electronically negotiate with them on a one-on-one
In addition to its commingled-offering platform, CanDeal's proprietary
Request for Quote (CAMM-RFQ) trading protocol allows users to simultaneously
solicit firm offerings from multiple dealers. Using a single-click, clients
can trade with one or more dealers to create a diversified position. CAMM-RFQ
is available for Banker's Acceptances, Bank Deposit Notes and Term Deposits.
CanDeal creates a permanent and retrievable compliance archive of every
transaction, which details all communications between client and dealer during
the trade cycle; including prevailing market levels at the time of the trade
and subsequent trade allocations or modifications.
"CanDeal is the acknowledged market leader. We take pride in working with
the broadest cross-section of market constituents to build innovative and
efficient tools that our clients use, everyday," says Jayson Horner, President
and CEO of CanDeal. "Unlike other alternatives, CanDeal provides users with
the ability to proactively manage counterparty risk and our automated
post-trade solutions mitigate the compliance, settlement and market risks
associated with telephonic trading."
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 dealer's
online access to liquidity in 17 debt and derivative marketplaces operated by
Thomson TradeWeb in the United States and Europe.
For further information:
For further information: Jayson Horner, President & Chief Executive
Officer, CanDeal, (416) 814-7817, www.candeal.ca