Financial information company CanX Systems Inc. and Freedom International Brokerage, Canada’s largest full-service inter-dealer broker of Canadian debt and derivative products, today announced an agreement that will provide Freedom’s live prices to CanX subscribers.
The agreement will give CanX customers access to view live prices directly from the largest pools of liquidity for Canadian Government Treasury Bonds and Bills, Crown Issues, Corporate Bonds, Repos, Strips, Bankers’ Acceptances, CAD Forwards and OIS.
Inter-dealer brokers provide anonymous liquidity to major Canadian and international investment dealers and chartered banks. While consolidated inter-dealer broker prices have previously been made available through CanPX, this is the first time that attributed, Canadian inter-dealer prices are being published broadly, to all market participants.
“Freedom has long been a supporter of transparency in the Canadian markets and we believe this is another important step towards achieving it. CanX is an ideal partner in this process due to their focus on the Canadian markets.” said Peter McRae, president and CEO of Freedom.
“CanX is very pleased to be the first capital market service in Canada to distribute live, attributed wholesale prices to all market participants,” said Robin Hanlon, president and CEO of CanX.
CanX will release live Freedom prices onto its flagship product, CanX Pilot, on August 1.
Founded in 2004, CanX is a financial information service based in Toronto.
Established in 1987 by six Canadian investment dealers, Freedom, now Canada’s largest full-service inter-dealer broker, is based in Toronto with representation in New York and London. Freedom is registered with the Ontario Securities Commission as a Limited Market Dealer, and is an approved inter-dealer broker under the bylaws of the Investment Dealers Association of Canada. Freedom is also a member of the CanPX transparency system, a joint venture of IDA capital market firms and Canadian inter-dealer brokers.