"This release signifies CanDeal's continued commitment and ability to deliver industry-leading Trading, Transparency and STP solutions in a timely manner, to our rapidly growing institutional client base," said Jayson Horner, President and CEO of CanDeal.ca Inc. "Through an ongoing consultative and advice process with our clients, we have developed and released this latest version of our customized software solution..For example, included as part of this release is the ability for users to efficiently conclude cash and basis-trades between and within asset classes for normal or special settlement terms with much greater speed and flexibility."
"Our clients are already conducting billions of dollars in trade each week over CanDeal," added Mr. Horner. "We expect both client and trade volume growth to continue to accelerate rapidly as we make additional product releases and continue to demonstrate our commitment to improve the ability for capital markets participants to execute with greater efficiency in our neutral, fair and open electronic marketplace."
This latest release contains a broad range of functional enhancements for both the institutional portfolio manager client and the dealer market-maker workstations. CanDeal's proprietary customized solution allows clients to specify the exact terms and conditions to meet their trading requirements and execute a trade from live dealing quotes in a fraction of a second. This is CanDeal's first major upgrade following its recent acquisition of the underlying software and key development personnel.
