July 7, 2010 - MONTREAL, Quebec & TORONTO, Ontario – CanDeal is pleased to report that aggregated traded volumes on its marketplace surpassed $3 Trillion during the month of June, 2010.
“Our third trillion was traded in 25% of the time that it took us to reach our first trillion” said Jayson Horner, Co-Founder, President and CEO of CanDeal. “Seeing such great momentum in our activity it is testament to the value we deliver to the marketplace.” he added.
In addition, CanDeal reports that its buy-side client base has grown to over 225 institutions. Tristan Michela, Executive Vice President of CanDeal said, “Half of our client base is now from outside of Canada, generating approximately 30% of volumes for the first half of 2010. Foreign participation from institutional investors in markets that are larger and more experienced with electronic trading serves as a precursor to the trend we are seeing domestically.”
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. The network delivers the market making power of Canada’s 12 Primary Dealers. CanDeal’s marketplace is available to institutional investors in Canada, the United States and Europe. In addition to straight-through-processing, online trade allocations, real time trade blotters and confirmations, the network also provides its users with superior compliance and audit functionality. CanDeal’s stakeholders include: BMO Nesbitt Burns Inc., CIBC World Markets, National Bank Financial Inc., RBC Capital Markets, Scotia Capital, TD Securities and TMX Group.
CanDeal also offers Canadian institutional investors and investment dealer’s online access to liquidity in additional debt and derivative marketplaces operated by Tradeweb in the United States and Europe.