CanDeal
 | |
| Private | |
| Industry | Financial |
| Founded | June 27, 2001 |
| Headquarters | Toronto, Ontario, Canada |
Number of employees | 30 |
| Subsidiaries | CanDeal Markets & CanDeal Solutions |
| Website | www.candeal.com |
CanDeal is an electronic trading marketplace for Canadian dollar product. CanDeal is Canadian owned and governed and has offices in Toronto, Montreal and St. Louis.
History
Founded in 2001, CanDeal has come to be the leading online marketplace for Canadian debt trading. Over 95% of Dealer to Client electronic trading of Canadian product is done on CanDeal.
In 2016, CanDeal introduced CanDeal Solutions, a subsidiary focusing on technology solutions (Cybersecurity intelligence, Market Data and Research and Analytics) for CanDeal's institutional clients.
CanDeal Markets is the entity now operating the electronic trading marketplace, CanDeal.
Ownership and Governance
CanDeal is owned by Canada's 6 largest banks (Royal Bank of Canada, Toronto-Dominion Bank, Scotiabank, Bank of Montreal, Canadian Imperial Bank of Commerce, and National Bank of Canada), as well as the TMX Group.
CanDeal operates as an alternative trading system in Canada and is regulated by the Canadian Securities Administrators under National Instrument 21-101. CanDeal is also regulated by the Investment Industry Regulatory Organization of Canada. CanDeal is a member of the Investment Industry Association of Canada and the Canadian Investor Protection Fund. CanDeal offers services to participants outside of Canada in accordance with the SEC and FINRA, through its partnership with Tradeweb.
Products
CanDeal offers access to the following Canadian dollar products:
Government of Canada Treasury Bills
Provincial Bonds
Canada Housing Trust - CMBs
Indices
CanDeal's composite prices are a benchmark for institutional investors around the world. CanDeal's market data is sourced and aggregated from Canada's 12 leading dealers.
Casgrain & Company Ltd.
Management
CanDeal's senior leadership team is composed of the following:
Jayson Horner, Co-Founder, President & CEO
Tristan Michela, Executive Vice President, CanDeal Markets
Tim Cain, Executive Vice President, CanDeal Solutions
Aubrey Baillie, Chief Financial Officer & Chief Compliance Officer
Shirley Gallant, Managing Director, Market Operations & Client Services
Joe D'Alessandro, Chief Technology Officer