CanDeal targets European investors with TradeWeb alliance

Source: CanDeal, Thomson TradeWeb

CanDeal, Canada's leader in multi-dealer to client online debt securities trading, and Thomson TradeWeb are pleased to announce that online Canadian debt securities trading is now available to European institutional investors.

CanDeal has partnered with Thomson TradeWeb to expand the online trading access of Canadian debt securities for institutional investors globally. By leveraging TradeWeb's leading online marketplace for fixed income and derivatives, CanDeal is able to offer European-based investors direct online access to Canada's leading dealers. Clients in three continents can now take advantage of the trading efficiencies, access to liquidity, and straight-through processing that CanDeal offers.

Among the markets that European clients can now trade are: Government of Canada Bonds and T-Bills, Provincial Bonds and Canada Mortgage and Housing Bonds (CMB's). Canadian Money Market (CAMM) is also available through TradeWeb.

Jayson Horner, President and CEO CanDeal said, "The liquidity of the leading Canadian dealers is now easily accessible in the same feature-rich trading application already familiar to global fixed income market participants."

Lee Olesky, President of Thomson TradeWeb added, "The launch of Canadian debt securities over TradeWeb in Europe demonstrates the value of TradeWeb's 'One Network' strategy to deliver pricing, trading, and STP solutions from one screen."

The CanDeal dealer network includes the market-making power of 12 Canadian dealers including TD Securities, RBC Capital Markets, CIBC World Markets, Scotia Capital, BMO Nesbitt Burns, National Bank Financial, HSBC (Canada), Casgrain & Company, Laurentian Bank Securities, Desjardins Securities, Merrill Lynch Canada and JP Morgan Securities Canada.

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