CanDeal.ca Inc. has been admitted to the Investment Dealers Association, effective July 2.

CanDeal is an electronic trading system for Canadian debt. The firm is a joint venture of investment dealers and technology partners to provide electronic trading services for Canadian bond and money market products.

The founding shareholders are 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.

Back in March 2002, the IDA and the Ontario Securities Commission approved CollectiveBid Systems Inc.’s CBID Securities Inc. as Canada’s first fixed-income alternative trading system.

Participants in CollectiveBid’s marketplace, among others, include E*Trade Canada Securities Corp., Dundee Securities Inc., Charles Schwab Canada Co., Yorkton Securities Inc., and Canaccord Capital Corp.