# CanDeal

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{{Short description|Canadian online financial exchange}}
{{For|the Brazilian municipality|Candeal}}

{{Tone|date=March 2024}}

{{Infobox company
| name          = CanDeal
| logo          = CanDeal nouveau Logo 2021.png
| logo_size     = 200px
| type          = [Private](/source/Private_company)
| foundation    = {{start date | 2001| 06| 27}}
| location      = [Toronto, Ontario](/source/Toronto%2C_Ontario), [Montreal, Quebec](/source/Montreal%2C_Quebec), Canada
| key_people    = Jayson Horner (Co-Founder, President & CEO)
| industry      = [Financial](/source/Financial)
| num_employees = +100
| owner         = [Bank of Montreal](/source/Bank_of_Montreal) <br />[Bank of Nova Scotia](/source/Bank_of_Nova_Scotia) <br />[CIBC](/source/Canadian_Imperial_Bank_of_Commerce) <br />[National Bank of Canada](/source/National_Bank_of_Canada) <br />[Royal Bank of Canada](/source/Royal_Bank_of_Canada) <br />[TMX Group](/source/TMX_Group) <br />[Toronto-Dominion Bank](/source/Toronto-Dominion_Bank)
| homepage      = {{url|www.candeal.ca}}
}}
'''CanDeal''' is a Canadian online [exchange](/source/Exchange_(organized_market)) for Canadian dollar [debt securities](/source/debt_securities). It provides [institutional investor](/source/institutional_investor)s access to liquidity for Canadian [Government Bonds](/source/Government_bond) and [money market](/source/money_market) instruments. CanDeal has offices in Toronto and Montreal and is owned by [Canada's Six Major Banks](/source/Big_Five_(banks)) and [TMX Group](/source/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](/source/Investment_Dealers_Association_of_Canada), and was granted [alternative trading system](/source/alternative_trading_system) status by the [Ontario Securities Commission](/source/Ontario_Securities_Commission) on July 2, 2002.

==History==
{{Prose|date=October 2024}}
*June 27, 2001 – CanDeal is created by founding shareholders [BMO Nesbitt Burns](/source/BMO_Nesbitt_Burns), Basis100 inc., [CIBC World Markets Inc.](/source/CIBC_World_Markets), MoneyLine Network Inc., [National Bank Financial Inc.](/source/National_Bank_of_Canada), [RBC Dominion Securities Inc.](/source/RBC_Dominion_Securities), [Scotia Capital Inc.](/source/Scotiabank) and [TD Securities Inc.](/source/Toronto-Dominion_Bank)<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](/source/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}}

{{Authority control}}

Category:Financial services companies of Canada

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Adapted from the Wikipedia article [CanDeal](https://en.wikipedia.org/wiki/CanDeal) by Wikipedia contributors ([contributor history](https://en.wikipedia.org/wiki/CanDeal?action=history)). Available under [Creative Commons Attribution-ShareAlike 4.0 International](https://creativecommons.org/licenses/by-sa/4.0/). Changes may have been made.