$1 Trillion Traded on CanDeal

    TORONTO, Aug. 8 /CNW/ - A significant milestone in the history of
CanDeal, Canada's leading online marketplace for debt securities. CanDeal is
pleased to announce One Trillion Dollars in traded volume since inception.
    CanDeal continues to build considerable momentum. The dollar volume
traded in the past eleven months has surpassed the aggregate volume of all
previous years. "This is a significant milestone for CanDeal," says Patrick
O'Toole, VP of Fixed Income with CIBC Global Asset Management. "CanDeal offers
effective solutions that deliver financial benefits and efficiency gains in a
compliance conscious environment, which directly benefit our stakeholders."
    CanDeal's growth is driven by industry demand from both dealers and
buy-side participants. Michael Donnelly, Managing Director, Head of Interest
Rate Trading, TD Securities, says "CanDeal compliments our growth strategy and
our desire to represent Canada by serving our clients through this global
    Participation by Canada's industry leading dealers and progressive
institutional investors has been material to ensuring the success of CanDeal.
The number of investment dealers making markets on CanDeal has doubled to 12
from the original 6 founding member firms. CanDeal's open marketplace has
received enthusiastic support from Canadian institutional investors;
additionally, nearly one third of CanDeal's buy-side participants are
domiciled outside of Canada. This international audience is affirmation that
electronic trading has been globally accepted as the standard for accessing
fixed income liquidity. "We appreciate the support that we have received from
the Canadian investment community and are pleased that leading institutional
investors from around the world are seeking us out and putting Canada on their
list of preferred world markets" said Jayson Horner, President & CEO, CanDeal.

    About CanDeal

    CanDeal is Canada's leading multi-dealer to client marketplace for debt
securities (www.candeal.ca). CanDeal's best-in-class technology is available
to institutional investors in Canada, the United States and Europe. CanDeal
provides immediate online access to Canada's deepest pool of liquidity for
Canadian government bonds and money market instruments. Through CanDeal,
Canadian institutional investors and investment dealers have access to
liquidity in a wide range of U.S. and European debt and derivative products.

For further information:

For further information: Jayson Horner, President & Chief Executive
Officer, CanDeal.ca Inc, (416) 814-7817, www.candeal.ca

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