CanPX Inc. has been awarded a three year contract by the provincial securities commissions to act as information processor for corporate debt securities.

CanPX was founded by the investment dealer and inter-dealer broker community to provide transparency in the Canadian debt markets.

The decision falls under National Instrument 21-101 Marketplace Operation.

“At a time when disclosure and timeliness of information is very much a focus of the market, we will further enhance market transparency and promote more interest and trading in debt markets”, said Phipps Lounsbery, president of CanPX, in a news release.

CanPX combines digital-based feeds from multiple inter- dealer brokers and the six major investment dealers to provide a composite display of real time bid and offer quotations, in price and yield terms, and of trade price/yield and volume information.

CanPX covers all government issues transacted through the inter-dealer brokers and covers most open issues for both federal treasury bills and bonds and provincial bonds.

A corporate issue list for the Canadian industry is provided quarterly by the Investment Dealers Association.

CanPX Inc. was founded by the investment dealer and inter-dealer broker community to provide transparency in the Canadian debt markets.