"This will be an ideal addition to our market data distribution services and it leverages the strengths of both of our organizations to help create a fair and open fixed-income marketplace," said Eric Sinclair, Senior Vice President of TSX Datalinx. "Our information reaches more than 70 data vendors representing 80,000 desktops worldwide. So when this arrangement is in place, CanDeal will be able to maximize the distribution of its best bid/offer quote data to potential end users at a competitive cost. We believe CanDeal market data is the most up-to-the minute and accurate indication of wholesale information for Canadian debt instruments available today."
The parties will now negotiate the detailed terms of the arrangement which will allow for CanDeal to connect to LinxPointOne, TSX Datalinx's data distribution product. The addition of the CanDeal Debt market data to LinxPointOne will provide an important opportunity for third-party providers of data to enhance their products and expand their customer base to include market participants interested in real-time indicative prices on Canadian debt instruments.
To obtain information on CanDeal data access, Please contact John Andrew at 416-947-4289, by e-mail john.andrew@tsxdatalinx.com or Michelle Tran at 416-947-4583, by e-mail michelle.tran@tsxdatalinx.com. About CanDeal.ca
CanDeal is Canada's leading institutional customer to multi-dealer online fixed income trading network. CanDeal's robust and reliable platform provides its participants with continuous access to the deepest pool of liquidity for fixed income products. Today, the network delivers the market making power of the six largest domestic investment dealers to Canada's largest institutional customers.
The fair and open proprietary auction model offered by CanDeal permits authorised institutional market participants to receive live dealing quotes simultaneously from multiple dealers and to execute a trade at the best price in a fraction of a second. As a leader in "Straight Through Processing" (STP) solutions, CanDeal provides its participants with electronic trade reporting, on-line detailed audit trails, an integrated trade allocation facility and trade data export capability. CanDeal also provides a real time market data price feed for the fixed income securities traded on its platform.
CanDeal was formed in June, 2001 to create a neutral marketplace providing end-to-end efficient transaction solutions. CanDeal is recognized across Canada by all securities regulators as an Alternative Trading System (ATS) and an investment dealer. In addition, CanDeal is a member of the Investment Dealers Association of Canada and the Canadian Investor Protection Fund.
About TSX Datalinx
TSX Datalinx is the name for TSX Group Inc.'s data operation. TSX Datalinx provides a broad range of data products and services, offering both real-time and historical requirements to customers across Canada and around the globe.
