Laurentian Bank Securities joins CanDeal marketplace

Source: CanDeal

CanDeal, Canada's leader in multi-dealer to institutional investor online debt securities trading, is pleased to announce that Laurentian Bank Securities Inc. has agreed to a multi-year commitment to join its marketplace.

Laurentian Bank Securities (LBS), the investment dealer arm of Laurentian Bank of Canada, is the latest of nine leading dealers on CanDeal's electronic marketplace. The CanDeal platform, where institutional investors in Canada and the U.S. trade Canadian debt securities, continues to grow rapidly as volumes increase with the addition of new institutional investors and investment dealers. Jayson Horner, President and CEO of CanDeal, said, "LBS's involvement in CanDeal continues to underscore our commitment to provide the deepest pool of liquidity to our institutional investor participants and it clearly demonstrates the value that CanDeal has created for investment dealers as an integral component of serving client needs and growing their business."

Mr. Horner added that in addition to LBS, CanDeal's dealer group includes BMO Nesbitt Burns, Casgrain & Company, CIBC World Markets, HSBC Securities (Canada), National Bank Financial, RBC Capital Markets, Scotia Capital, and TD Securities.

Christopher Ward, Vice President and Director of Debt Capital Markets, Laurentian Bank Securities, said, "We are very excited about becoming a liquidity provider on CanDeal. As clients continue to favour electronic trading, we welcome the opportunity to serve their needs in a manner which will complement the expansion of our fixed income business. The strength of our franchise and commitment to our institutional investor and issuer client base has never been greater."

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