CBID Markets Inc., operator of a multi-dealer, retail electronic fixed income marketplace, announced Tuesday that Canaccord Capital Corp., as well as Canaccord’s correspondent division, Pinnacle Correspondent Services, have become major new marketplace participants.

Canaccord has signed an agreement with CollectiveBid Systems Inc., parent corporation of CBID Markets Inc., to purchase a minimum of 500 ixBroker user licenses. ixBroker connects retail financial consultants and investment advisors via the internet to CBID Markets Retail Marketplace. Canaccord has already implemented over 700 ixBroker user IDs into active use nationally.

Canaccord joins over 35 Investment Dealers Association of Canada (IDA) member firms, as participants in CBID’s Retail electronic fixed income marketplace.

“Canaccord becomes another major Canadian securities firm to provide its national team of investment advisors with access to Canada’s only multi-dealer electronic fixed income marketplace, in which dealers compete for their retail business. Canaccord’s investment advisors will have access to competitive based, best offer pricing,” said Laurence Rose, president and CEO of CollectiveBid.