MONTREAL and TORONTO, Jan. 15 /CNW/ - CanDeal, the leading online
marketplace for Canadian dollar debt securities, is pleased to announce that
Laurentian Bank Securities (LBS) has joined CanDeal's Canadian Money Market
(CAMM) market as a contributing dealer.
In 2006, Laurentian Bank Securities joined CanDeal as a liquidity
provider for Government of Canada bonds, Canada Housing Trust - CMB's and
actively traded Provincial bonds. The addition of CAMM, allows LBS to continue
on their commitment to meet the needs of new and existing clients by whatever
manner they find most effective. "CanDeal provides us with an efficient, low
risk dealing environment that complements our distribution strategy." said
Robert Sforza from LBS.
LBS is the ninth dealer to join CanDeal's CAMM market, which recently
reported a 218% increase in the number of executed CAMM trades for the second
half of its 2007 fiscal year. Jayson Horner, President and CEO of CanDeal
said, "CAMM is the only destination of its kind and is proven effective by
institutional money managers that embrace it. We welcome Laurentian's
contributions to this new market."
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 dealers
online access to liquidity in 15 debt and derivative marketplaces operated by
Thomson TradeWeb in the United States, Europe and Asia.
For further information:
For further information: Jayson Horner, President & Chief Executive
Officer, CanDeal, (416) 814-7817, www.candeal.ca