CanDeal and IHS Markit Partner to Set New Industry Standard for Canadian Fixed Income Price Accessibility
Leveraging the most up-to-date data for Canadian fixed income market participants has been a lingering challenge for decades due to insufficient accessibility solutions. By integrating CanDeal’s 1pm, 3pm, and 4pm snapshot pricing, IHS Markit customers will have access to best-in-class market datasets and more accurately and efficiently be able to make better-informed pre and post-trade decisions, while mitigating market risk.
“Canadian institutions need tools that are tailored for their market. Providing CanDeal’s pricing alongside IHS Markit’s evaluated bond pricing will give customers the right tools for their valuation, risk management and trading needs from a single provider,” said Krishna Shetty, Executive Director, Fixed Income Business Development at IHS Markit. “We are excited to partner with CanDeal to provide additional coverage and transparency to our Canadian customer base and those trading in the Canadian market.”
“There’s a shift taking place in Canadian fixed income markets that is being driven by greater access to data and broader adoption of analytics tools,” said Robin Hanlon, Director, Product Marketing & Sales at CanDeal Data & Analytics. “A major player like IHS Markit leveraging CanDeal’s fixed income data will help accelerate this positive momentum and continue to bring the efficiencies to Canadian bond markets that participants have been seeking for years.”
CanDeal DNA delivers a range of pricing services and performance analytics that it creates daily to address the needs of Canadian buy- and sell-side traders, including composite pricing, evaluated bond pricing, and independent pricing verification (IPV) services for financial reporting. Since its launch in 2020, CanDeal DNA has been expanding its fixed income data pool to give unrivaled pricing and liquidity to Canada’s bond market landscape, including its acquisition of CIBC’s fixed income business in 2021.
CanDeal is a leading provider of electronic marketplaces and data services for Canadian dollar debt securities and derivatives. CanDeal Data & Analytics (“CanDeal DNA”) provides the most comprehensive and accurate dealer-sourced pricing to better monitor and understand fixed income and derivatives market exposure. Its Markets division, which accounts for more than 90% of electronic trading in Canada, provides access to a deep pool of liquidity for Canadian government, agency, provincial and corporate bonds, as well as money market instruments and interest rate swaps. CanDeal Markets also delivers Canadian institutional investors with electronic access to liquidity in non-Canadian debt and derivative marketplaces. CanDeal Solutions delivers pricing and analytics services that support business, trading, and technology needs for participants in the Canadian market. 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. For more visit, candealdna.com
About IHS Markit
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth. For more visit, www.ihsmarkit.com
For CanDeal DNA:
EVP, Media Relations, Paragon PR
For IHS Markit
Public Relations Director, IHS Markit