CanDeal Data & Analytics (DNA) Named Best Buy-Side Evaluated Pricing Service

CanDeal Data & Analytics (DNA) announces that its Reference Pricing Service has been named the 2023 Best Buy-Side Evaluated Pricing Service in the Waters Technology annual Buy-Side Technology Awards. The Waters program recognizes the leading technologies and innovations addressing the buy side’s most pressing business, regulatory, operational and technology needs. The awards are judged by a five-person panel of Waters’ top editors who assess nominees from around the globe.

CanDeal DNA’s comprehensive sources and proprietary curation and pricing methodologies provide market participants access to the most accurate pricing in the industry for approximately 100,000 Canadian fixed income securities, updated on an intra-day basis. CanDeal DNA’s products enable asset managers, indexers, traders and intermediaries to mitigate tracking error and facilitate intelligent decisions. Accompanying the pricing are a suite of analytics providing insights on risk strategies, liquidity and execution impact.

Using IOSCO benchmark principles, CanDeal DNA Reference Pricing uses time-synchronized institutional grade price values and trade data from Canada’s largest banks and dealers, advanced validation techniques and proprietary valuation methodologies. The partner banks and dealers provide oversight and industry expertise to optimize accuracy, and CanDeal is uniquely able to challenge prices at origination, which ensures the highest scope of coverage and quality of inputs.

“CanDeal DNA is delighted to have won this prestigious global award,” said Andre Craig, President, CanDeal DNA. “We are fortunate to have the partnerships in place to execute on our data strategies. This has helped us uniquely position ourselves at the centre of the OTC data and analytics evolution and transform the way in which firms are engaging in these important data sets.”

“The partnership between Fundata and CanDeal DNA has provided us with a single source of information, combining deep investment fund data with accurate pricing. This high-impact, cost-effective solution was possible thanks to a highly collaborative relationship that was attuned to our distinct needs,” said Chris Enright, President, CI Investment Services, a subsidiary of CI Financial Corp accessing CanDeal Reference Pricing and Advanced Analytics through Fundata Inc.

Visit the CanDeal DNA webpage to learn more.