CanDeal

{{Infobox company | name = CanDeal | logo = CanDeal nouveau Logo 2021.png | logo_size = 200px | type = Private | foundation = {{start date | 2001| 06| 27}} | location = Toronto, Ontario, Montreal, Quebec, Canada | key_people = Jayson Horner (Co-Founder, President & CEO) | industry = Financial | num_employees = +100 | owner = Bank of Montreal Bank of Nova Scotia CIBC National Bank of Canada Royal Bank of Canada TMX Group Toronto-Dominion Bank | homepage = {{url|www.candeal.ca}} }} '''CanDeal''' is a Canadian online exchange for Canadian dollar debt securities. It provides institutional investors access to liquidity for Canadian Government Bonds and money market instruments. CanDeal has offices in Toronto and Montreal and is owned by Canada's Six Major Banks and TMX Group (equally as of 2018<ref name="mw-2018">{{Cite web|date=2018-10-30|title=Six Largest Canadian Banks Increase Stake in CanDeal|url=https://www.candeal.com/en/news/six-largest-canadian-banks-increase-stake-candeal|url-status=live|access-date=2021-04-09|archive-url=https://web.archive.org/web/20210127112600/https://www.candeal.com/en/news/six-largest-canadian-banks-increase-stake-candeal |archive-date=2021-01-27 }}</ref> compared to a previous ownership structure in which TMX owned 47%).<ref>{{Cite web|url=https://www.tmx.com/resource/en/687/2018-annual-report-en.pdf|title=TMX 2018 Annual Report|access-date=2019-11-18}}</ref>

CanDeal became a member of the Investment Dealers Association of Canada, and was granted alternative trading system status by the Ontario Securities Commission on July 2, 2002.

==History== {{Prose|date=October 2024}} *June 27, 2001 – CanDeal is created by founding shareholders BMO Nesbitt Burns, Basis100 inc., CIBC World Markets Inc., MoneyLine Network Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc.<ref>[https://www.theglobeandmail.com/globe-investor/investment-ideas/new-candeal-system-will-open-fixed-income-world/article762080/ New CanDeal system will open fixed-income world. June 28, 2001]</ref> *July 8, 2002 – TMX Group acquires a 40% stake in CanDeal.<ref>[http://www.finextra.com/fullstory.asp?id=6110 CanDeal gets all clear from Canadian regulators; TMX takes stake. July 9, 2002]</ref> *September 10, 2002 – CanDeal executes its first trade.{{Citation needed|date=March 2024}} *January 1, 2003 - CanDeal's founder Jayson Horner leaves TD Securities to become full-time President and CEO of CanDeal. *February 11, 2003 – CanDeal purchases Basis100's equity interest along with the rights to BasisXchange in Canada.<ref>{{Cite web |url=http://www.valuations.firstamres.com/shares_sale_CanDeal.asp |title=Basis100 Announces Sale of Shares to CanDeal.ca. February 11, 2003 |access-date=2007-09-17 |archive-url=https://web.archive.org/web/20050508075255/http://www.valuations.firstamres.com/shares_sale_CanDeal.asp |archive-date=2005-05-08 |url-status=dead}}</ref> *September 9, 2003 – CanDeal adds Provincial Bond issues to its marketplace. *August 18, 2004 – Aggregate volume traded on CanDeal surpasses $100 billion.<ref>[https://www.finextra.com/pressarticle/1782/candeal-aggregate-dollar-value-of-trading-exceeds-100-billion CanDeal aggregate dollar value of trading exceeds $100 billion. August 19, 2004]</ref> *October 19, 2004 – CanDeal announces its single day trading volume surpasses C$1 billion.{{Citation needed|date=March 2024}} *December 1, 2004 – CanDeal trades $10 billion in a single month.{{Citation needed|date=March 2024}} *November 1, 2005 – CanDeal launches a new division, Revolution Trading, an electronic inter-dealer trading network.<ref>[http://www.finextra.com/fullpr.asp?id=6826 Trayport’s GlobalVision platform powers CanDeal’s Revolution Trading network. November 14, 2005]</ref> *March 24, 2006 - CanDeal acquires Moneyline's shares.<ref>{{Cite web|url=https://www.tmx.com/resource/en/72|title=TSX 2006 Annual Report|access-date=2019-11-18}}</ref> *October 11, 2006 – CanDeal surpasses One-half Trillion in aggregate volume traded. *August 8, 2007 – CanDeal announces that it has surpassed One Trillion Dollars in aggregate volume traded since inception.<ref>[https://www.candeal.com/en/news/1-trillion-traded-candeal $1 Trillion Traded On Candeal. August 8, 2007]</ref> *June 1, 2009 – CanDeal introduces butterfly trading to its marketplace. *February 24, 2010 – CanDeal launches mobile fixed income pricing application for institutional professionals.<ref>[https://www.investmentexecutive.com/news/industry-news/candeal-launches-mobile-fixed-income-pricing-app/ CanDeal launches mobile fixed income pricing application for institutional professionals. February 24, 2010]</ref> *July 7, 2010 – CanDeal Traded Volume Surpass $3 Trillion<ref>[https://www.newswire.ca/news-releases/candeal-traded-volumes-surpass-3-trillion-544674202.html CanDeal Traded Volume Surpass $3 Trillion July 7, 2010]</ref> *April 13, 2011 – CanDeal Volumes Surpass $4 Trillion; New Record Month and Quarter Set.<ref>[https://www.candeal.com/en/news/candeal-volumes-surpass-4-trillion-new-record-month-and-quarter-set CanDeal Volumes Surpass $4 Trillion; New Record Month and Quarter Set April 13, 2011]</ref> *January 13, 2013 – CanDeal launches the first multi-dealer-to-client trading platform for Canadian dollar interest rate swaps.<ref>{{Cite web|date=2013-02-04|title=Swaps Trading Platform Launched in Canada|url=https://www.marketsmedia.com/swaps-trading-platform-is-launched-in-canada/|access-date=2021-04-09|website=Markets Media|language=en-US}}</ref> *June 18, 2014 – CanDeal surpasses $10 Trillion in aggregate fixed income & derivatives volume traded.<ref>{{Cite web|title=Canadian Electronic Fixed Income & Derivatives Volumes Surpass $10 Trillion on CanDeal|url=https://www.newswire.ca/news-releases/canadian-electronic-fixed-income--derivatives-volumes-surpass-10-trillion-on-candeal-514467621.html|access-date=2021-04-09|website=www.newswire.ca|language=en}}</ref> *October 30, 2018 – CanDeal's ownership restructured such that each of the six largest Canadian banks and the TMX have an equal stake in CanDeal.<ref name="mw-2018" /> *February 12, 2019 – CanDeal and the ownership group create Canada's first comprehensive fixed-income and derivatives market data hub called CanDeal Data & Analytics (DNA).<ref>{{Cite web|date=2019-02-12|title=CanDeal/bank partnership creates data hub|url=https://www.investmentexecutive.com/news/industry-news/candeal-bank-partnership-creates-data-hub/|access-date=2021-04-09|website=Investment Executive|language=en}}</ref> *December 16, 2019 – CanDeal surpasses $25 Trillion in aggregate volume traded.<ref>{{Cite web|title=CanDeal Markets Hits $25 Trillion in Trading Volume {{!}} CanDeal|url=https://www.candeal.com/en/news/candeal-markets-hits-25-trillion-trading-volume|access-date=2021-04-09|website=www.candeal.com}}</ref> *March 9, 2021 – CanDeal Data & Analytics (DNA) acquires CIBC's fixed income data business.<ref>{{Cite web|last=CanDeal|title=CanDeal Data & Analytics Acquires CIBC Fixed Income Data Business|url=https://www.newswire.ca/news-releases/candeal-data-amp-analytics-acquires-cibc-fixed-income-data-business-806356819.html|access-date=2021-04-10|website=www.newswire.ca|language=en}}</ref>

==References== {{Reflist}}

Category:Financial services companies of Canada