This major milestone was the result of the strategic alliance between CanDeal and TradeWeb that began this past June. A key benefit of this alliance for Canadian institutional investors is the expanded online access to international securities including U.S Treasury bonds, U.S. Agencies, TBA-MBS, Corporate bonds, Interest-rate swaps, U.S. Repo, European government bonds and U.S. Commercial paper.
"CanDeal remains firmly committed to delivering extraordinary value to its client base," said Jayson Horner, President and CEO, CanDeal. He added, "We believe that in order for the Canadian marketplace and its participants to remain globally competitive, a strong electronic trading and straight through processing infrastructure must exist in this country. Markets are increasingly being defined by their integrity and the immediacy of access to liquidity they can provide. It is a clear preference of globally invested clients to participate in markets that offer a high degree of efficiency and certainty."
About CanDeal
CanDeal is Canada's leading multi-dealer-to-institutional investor online debt
securities trading network (www.candeal.ca). CanDeal's world class platform,
powered by TradeWeb, provides its participants with continuous access to the
deepest pool of liquidity for fixed income products. Today, the network
links to 14 trading desks and delivers the market making power of seven of the
world's largest investment dealers.
The CanDeal electronic marketplace is open and available to all institutional
investors and investment dealers across Canada. In addition to straight-throughprocessing,
online trade allocations, real time trade
blotters and confirmations, the system also provides its users with superior
compliance and audit functionality. CanDeal also provides a real time market
data price feed for fixed income securities.
About Thomson TradeWeb
TradeWeb is the leading online fixed-income trading network with over 8 million
trades executed and total volume surpassing $95 trillion since its inception in
1998. TradeWeb’s multi-dealer auction model links the trading desks of 36 of the
world’s leading fixed-income dealers with more than 2,000 buy-side institutions in
North America, Europe and Asia.
The business is also the leading electronic “straight-through processing” network
for the fixed-income markets, providing dealers and buy-side institutions with
paperless trade allocations and confirmations on its fully integrated TradeXpress
network. TradeWeb’s STP network also includes AccountNet, the leading
standard settlement instructions database and derivatives counterparty
management tool.
Thomson TradeWeb operates within the Thomson Financial group of
businesses. TradeWeb LLC is a member of the NASD. TradeWeb Europe
Limited is regulated by the U.K. Financial Services Authority.
About Thomson Financial
Thomson Financial is a US$1.73 billion provider of information and technology
solutions to the worldwide financial community. Through the widest range of
products and services in the industry, Thomson Financial helps clients in more
than 70 countries make better decisions, be more productive and achieve
superior results. Thomson Financial is part of The Thomson Corporation
(www.thomson.com), a global leader in providing integrated information solutions
to more than 20 million business and professional customers in the fields of law,
tax, accounting, financial services, higher education, reference information,
corporate e-learning and assessment, scientific research and healthcare. With
revenues of US$8.10 billion, The Thomson Corporation lists its common shares
on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).