The leading institutional electronic marketplace for Canadian debt and derivatives trading CanDeal has surpassed C$25 trillion in total trading volume on its marketplace. Previous milestones include C$4 trillion in trading volume reached in 2011, C$3 trillion reached in 2010. The first trillion Canadian dollars traded on the exchange was obtained in 2007.
The online operator dealt an average daily volume exceeding C$12 billion in 2019 as CanDeal offers a deep liquidity pool for Canadian debt securities.
Nick Wang, Director at BMO Capital Markets, said: “We are pleased to have participated in the transaction that pushed CanDeal over the C$25 trillion milestone. We look forward to building upon this success.”
Mathieu Lachance, Portfolio Manager, Fixed Income Arbitrage at Gestion Cristallin, added: “The CanDeal platform is crucial for liquidity and access to the Canadian bond and derivatives market. Reaching C$25 trillion is a major milestone and we are honored to be a participant in the transaction that pushed CanDeal over that mark.”
Jamie Grant, President of CanDeal Markets, commented: “This is a major
accomplishment for CanDeal and our community of participating buy-side
firms and the dealers. Hitting a historic benchmark like this
demonstrates that we’re keeping up with the many structural and
regulatory shifts in our markets, while providing the technology and
resources that bond and money market trading professionals are looking
for.”
In October, CanDeal launched a real-time pricing tool for Canadian
bond markets that uses artificial intelligence and machine learning
algorithms, and advanced modeling. Going by the name of MarketPrice,
the tool offers real-time quotes from all major Canadian dealers to
deliver for the first time a near-execution quality view of the
marketplace.
The Canadian online exchange provides institutional investors access
to liquidity for Canadian Government Bonds and money market
instruments. With offices in Toronto and Montreal, CanDeal is owned by
Canada’s Six major banks and TMX Group. The operator is a member of
the Investment Dealers Association of Canada and has an alternative
trading system status.
In addition to assembling the deepest liquidity pool, more than 250
global institutional firms leverage CanDeal to execute billions of
dollars of fixed income and derivatives trades daily. Trading volumes
that would have seemed unimaginable even five years ago are now
commonplace. In 2013, trade volumes surpassed C$2.3 trillion, a 32%
increase over the previous year.
CanDeal prides itself for its pre-trade price transparency and
efficient execution with world-class compliance and reporting tools.
