Multi-dealer online debt securities trading network CanDeal announced today that HSBC Bank Canada and HSBC Securities (Canada) Inc. have agreed to a multi-year commitment to join its trading network.

Other dealers in the network include TD Securities, ScotiaCapital, RBC Capital Markets, National Bank Financial, CIBC World Markets and BMO Nesbitt Burns.

“We are pleased to become a liquidity provider to CanDeal. This will allow us to better serve our existing clients and broaden our customer base. It is consistent with how global fixed income markets are evolving and clearly Canadian institutional fixed income clients have embraced electronic trading,” said Brad Meredith, executive vp, investment banking and markets, Canada, HSBC Bank Canada.

CanDeal says the addition of HSBC Bank Canada and HSBC Securities (Canada) Inc. to the network is another important step to ensuring the success of a CanDeal goal to globalize online access for Canadian securities.