Electronic fixed income marketplace operator CBID Markets Inc. has entered into a liquidity provider and licensing agreement with CIBC World Markets Inc. Under the agreement, CIBC World Markets will provide real-time, executable prices on a broad spectrum of fixed income instruments for electronic order execution on CBID’s retail alternative trading system.

The addition of CIBC World Market’s liquidity will substantially increase the number of available securities in CBID’s retail marketplace.

In addition, CIBC World Markets will license CBID Markets’ proprietary trading software for single-dealer-to-client fixed income account coverage.

“CBID is committed to providing its participants access to the most competitive and wide-ranging Canadian fixed income products. The addition of CIBC World Market’s liquidity to our retail marketplace ensures that our participants can provide their clients best execution for fixed income. We are delighted to have CIBC World Markets join our real-time retail fixed income execution network as a liquidity provider”, said Laurence Rose, President and CEO of CollectiveBid Systems Inc. CBID is a subsidiary of CollectiveBid.

CIBC World Markets joins HSBC Bank Canada, J.P. Morgan Securities Canada, Laurentian Bank Securities, and Merrill Lynch Canada as liquidity providers into CBID Markets’ Retail ATS, solidifying CBID as Canada’s premier multi-dealer electronic retail fixed income marketplace.

Over 30 IDA member firms, representing hundreds of thousands of retail clients, are participants on CBID’s Retail ATS and will have access to CIBC World Market’s fixed income inventory. These participants access CBID’s marketplace through the CBID API or ixBroker, a proprietary electronic fixed income execution application, easily accessed through a web browser.

Integration of CIBC World Market’s real time inventory and price feed to CBID’s Retail ATS is under way, and will be available for trade execution in the near term.