CanDeal Spreadsheet Add-in: a spreadsheet plug-in that delivers real-time prices directly to your desktop
CanDeal DNA Expands Partnership with FTSE Russell
Announcing an extension of CanDeal DNA’s Fixed Income Pricing in FTSE Canada Indices, plus our partnership for additional CanDeal data, and modernized index and portfolio analytics solutions. For more information, please contact DNASales@CanDeal.com.
 | |
CanDeal DNA: Best Evaluated Pricing Service & ProviderCanDeal DNA and our Reference Pricing Service have been designated by WatersTechnology with back-to-back wins for the 2025 and 2024 Inside Market Data & Inside Reference Data Awards and the 2024 and 2023 Buy-Side Technology Awards. | |
CanDeal Data and Analytics (“DNA”) delivers the most accurate dealer-sourced pricing to help participants better monitor, understand and manage their market exposure.
INDEPENDENT
ACCURATE
TRANSPARENT
INDEPENDENT
ACCURATE
TRANSPARENT
CanDeal DNA provides THE standard in the Canadian fixed income markets by providing participants with independent, accurate and transparent pricing. These best-in-class datasets also deliver the insight needed to make smarter pre- and post-trade decisions, and to trade and manage risk with an unmatched level of confidence.
The pricing standard
CanDeal DNA is the premier source for Canadian OTC fixed income and derivatives pricing, providing an invaluable reference off which to price individual securities and portfolios.
It is the first platform to aggregate and analyze the complete set of pricing, trade and Terms & Conditions data from all of Canada’s major dealers, delivering a unique set of data and analytics to buy-side and other industry participants, such as fund administration, information redistributors and technology service providers.
WHAT WE DELIVER
We pool and package OTC as well as other third-party pricing, transaction and reference data. This provides clients with unique insight into their trading activity and market context for use in modelling, risk and compliance.
Request a demo
Request a demo
Reference Pricing Services
Our Fixed Income Reference Pricing Service offers valuations for a universe of ~95,000 Canadian fixed income securities at multiple snap times throughout the day.
Our unique partnership with the trading desks at the leading Canadian banks and dealers along with our proprietary quantitative techniques ensure that our Reference Prices are the most accurate representation of the Canadian wholesale fixed income market – contributed, cleansed and validated daily.
CanDeal DNA uses dealer-sourced pricing and terms and conditions data to provide industry practitioners with best-in-class independent, accurate and transparent pricing, enabling clients to better monitor, understand and manage their market exposure and optimize their models and analyses.
Rely on the most accurate OTC pricing – contributed, cleansed and validated daily.
Live streaming composite prices
for securities traded over the CanDeal Markets platforms
.
Composite prices
for all securities quoted by the major dealers using advanced validation algorithms and methodologies at regular time stamps throughout the trading day
- Advanced validation algorithms applied consistently on all submitted quotes
- Ranking hierarchy applied to composite prices based on the number & quality of contributions, as well as tracking prices to trade activity/security
- Proprietary methodology determines whether contributed quotes are anchored in observed trade data
Evaluated prices
- Our proprietary evaluated pricing engine ensures accurate and timely pricing on ~95,000 Canadian fixed income securities each day
- Coverage includes rates, credit and asset-backed instruments, including NHA mortgage pools, money markets, strips, municipals, and real return bonds
- Our models are specifically designed to reflect a trader’s view of the market and have been designed in collaboration with Canada’s leading traders
Dealer Margin Requirements
for accurate, comprehensive minimum margin requirements calculated daily for ~95,000 Canadian fixed income securities. Learn more.
Wealth Management & Retail Clients
solution to manage market exposure, make better decisions and meet Know Your Product requirements. Learn more.
Unique Inputs → Unique Insights
Our data advantage is not our only advantage. Our unique data sourced from Canada’s leading banks and dealers along, with our proprietary methodologies and processes, have enabled us to create the industry standard for pricing Canadian fixed income securities.
Analytics Suite
Our Analytics product suite mines the data for further analysis, modeling and insights. Using our cleansed, validated and enhanced data sets, we deliver proprietary liquidity metrics and other unique insights into the Canadian market, continuously and accurately. Learn more.
CanDeal Curves
Our comprehensive curve offerings provide additional insight into Canadian fixed income markets. Created from our Composite pricing and used in our methodologies for our Evaluated Pricing, CanDeal Curves are updated 3X daily and provide unparalleled accuracy and coverage. Learn more.
Security Master Product
The CanDeal DNA Canadian Fixed Income Security Master product is the premier solution that underpins CanDeal DNA’s Reference Pricing and Analytics Services which have fast become the industry standard for Canadian securities. Our market expertise, quality processes and best practices enable unparalleled accuracy and timeliness.
Enriched through rigorous data grooming, completion processes and application of Canadian market conventions and classifications
New issue details as shared by syndication and origination desks at the major dealers
Hard-to-find instrument detail and coverage for illiquid securities
A necessity for trading, risk, finance, clearing and settlement, instrument selection, analytics, portfolio holdings and other applications
TRADING PRODUCTS
As well as the expansive set of pricing services, we deliver a subset of Canadian fixed income data generated directly from the CanDeal Markets trading platforms:
CanDeal Pricing Feed: route data to internal systems using a real-time proprietary data feed
CanDeal Daily Pricing File: a snapshot view of daily CanDeal prices
CanDeal Trading File: a file containing details on your firm’s executed trades of the day
CanDeal Compliance File (buy-side only): a detailed list of every RFQ submitted by your firm
CanDeal Historical Data: customized historical data sets and trade blotters – more than 10 years of historical data is available
BEST PRACTICES
With CanDeal DNA, you have applied best in class industry standards that will ensure that you meet the most rigorously regulatory and internal compliance thresholds.
- Standardized industry inbound formats
- Consume primary dealer pricing, trade and reference data
- Semantic and syntactic validation algorithms
- Enrich with security master reference data and apply standards such as short names
- Categorize and classify to ensure domestic market conventions are addressed
- Align composite pricing to mitigate any gaps to trade tracking
- Apply a ranking hierarchy to composite prices based on contributor quorum and trade activity
- Generate curves by Issuer Bond Types and Sectors to generate evaluated prices
Leverage IOSCO benchmark principles for pricing securities such as:
- Extensive arm’s length manufacturing and independent data governance applied throughout the pricing process to ensure no conflict of interest.
- Quality of coverage reports provided to contributors.
- Industry Committee reviews, input and feedback on methodologies.
- Hierarchy of rules to highlight observations based on trades, liquidity, pricing observations.
- Transparency of pricing methodologies
- Direct from source Terms & Conditions to ensure accurate bond reference data attributes and application of domestic market conventions.
- Strong client support and tracking to manage price challenges.
Read our FAQs, and Methodology, access our Statement of Compliance of IOSCO benchmark principles, and learn more about CanDeal DNA’s Price Challenge Procedures or Complaints and Whistleblower Policy.
Our Partners
CanDeal DNA pricing is also available via our partners’ solutions. Click to request more information.
Contact CanDeal Data & Analytics
To learn more about our CanDeal DNA services or to speak with a sales representative, contact us via email DNASales@CanDeal.com or call +1.416.540.1667
For support: +1.866.422.6332 or Support@CanDeal.com