CanDeal, the online marketplace for Canadian dollar debt securities, today announced that Laurentian Bank Securities has joined CanDeal’s Canadian Money Market market (CAMMM) as a contributing dealer.
In 2006, Laurentian Bank Securities joined CanDeal as a liquidity provider for Government of Canada bonds, Canada Housing Trust – CMB’s and actively traded Provincial bonds.
The addition of CAMM, allows Laurentian to continue on their commitment to meet the needs of new and existing clients by whatever manner they find most effective. “CanDeal provides us with an efficient, low risk dealing environment that complements our distribution strategy,” says Robert Sforza from Laurentian.
Laurentian is the ninth dealer to join CanDeal’s CAMM market, which recently reported a 218% increase in the number of executed CAMM trades for the second half of its 2007 fiscal year.
“CAMM is the only destination of its kind and is proven effective by institutional money managers that embrace it. We welcome Laurentian’s contributions to this new market,” says Jayson Horner, president and CEO of CanDeal.
CanDeal offers Canadian institutional investors and investment dealers online access to liquidity in 15 debt and derivative marketplaces operated by Thomson TradeWeb in the United States, Europe and Asia.
Laurentian Bank Securities joins CanDeal money market platform
- By: IE Staff
- January 15, 2008 January 15, 2008
- 10:35