TORONTO, June 26 /CNW/ - The Canadian Securities Administrators (CSA)
announced today that CanPX Corporation will continue to act as an Information
Processor ("IP") for corporate debt securities for an additional term of
"We are pleased the CSA has reaffirmed CanPX for this important role,"
said Richard Van Nest, President, CanPX, Chair, IIAC Debt Markets Committee
and Managing Director, Debt Capital Markets, RBC Capital Markets. "We will
continue to work with industry participants to provide increased transparency
while promoting market stability and growth," added Mr. Van Nest.
CanPX has chosen to outsource operations and marketing to CanDeal for the
CanPX transparency system. In this capacity, CanDeal will manage CanPX's
technology applications and ensure the broadest distribution of CanPX data.
"Our partnership with CanPX builds on our commitment to deliver solutions to
Canada's fixed income market," said Jayson Horner, Co-founder and CEO,
CanPX provides investors with comprehensive and timely transactional
information from the Canadian government and corporate debt markets. As an IP,
CanPX collects and consolidates trade and price data for over one hundred
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.
"The CanPX transparency system has been more than a 10-year effort by the
dealer community, represented through the Investment Industry Association of
Canada (IIAC), and the interdealer bond dealers, to deliver transparency to
the over-the-counter government and corporate debt markets," said Ian Russell,
President and CEO, IIAC. "Through its partnership with CanDeal, CanPX will
ensure broad dissemination of comprehensive and timely information to
investors. Improved confidence and market participation from more robust
transparency will benefit Canadian fixed income markets that face substantial
borrowing pressures," concluded Mr. Russell.
CanPX 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. Participating investment dealers are all
members of the Investment Industry Association of Canada (IIAC) which provides
secretariat and administrative functions for CanPX. CanPX has been acting as
an Information Processor for Canada's corporate debt securities since 2003.
For additional information visit www.canpx.ca.
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.
About the Investment Industry Association of Canada (IIAC)
The IIAC represents the Canadian securities industry on regulatory and
legislative policy, and initiatives and serves as an industry forum to assist
member firms manage their businesses efficiently and with a high standard of
integrity. Through these initiatives the Association contributes to more
efficient capital markets. Visit www.iiac.ca.
For further information:
For further information: Katie O'Dell, Senior Public Affairs Consultant,
Tel. (416) 687-5478, Cell (416) 312-7275, email@example.com