CanDeal, Canada's leader in multi-dealer to client online debt securities trading is pleased to announce that HSBC Bank Canada and HSBC Securities (Canada) Inc. have agreed to a multi-year commitment to join its trading network.
HSBC is a welcome addition to CanDeal's dealer group. Other dealers in the network include TD Securities, ScotiaCapital, RBC Capital Markets, National Bank Financial, CIBC World Markets and BMO Nesbitt Burns.
Brad Meredith, Executive Vice President, Investment Banking and Markets Canada, HSBC Bank Canada said, "We are pleased to become a liquidity provider to CanDeal. This will allow us to better serve our existing clients and broaden our customer base. It is consistent with how global fixed income markets are evolving and clearly Canadian institutional fixed income clients have embraced electronic trading. We look forward to providing our clients with all the benefits of online execution."
Jayson Horner, President and CEO of CanDeal, added, "I am delighted to welcome another first class financial services organisation to the CanDeal network. This development demonstrates our ongoing commitment to create an expanded pool of liquidity that institutional investors can access through CanDeal and it attests to the value that CanDeal has created for investment dealers as an effective means of serving clients."
The introduction of CanDeal to the Canadian debt capital markets has been a material step in the evolution of debt trading in Canada; helping to ensure that Canada remains competitive with other G10 capital markets. The addition of HSBC Bank Canada and HSBC Securities (Canada) Inc. to the network is another important step to ensuring the success of a CanDeal goal to globalise online access for Canadian securities.