CanDeal partners with IHS Markit
16 February 2022 Canada
Image: Javen/stock.adobe.com
CanDeal, a provider of Canadian financial markets, data and information services, has announced a partnership with IHS Markit.
The firm will integrate its proprietary market data into the IHS Markit platform to provide a new level of fixed income price accessibility for the Canadian market.
With an objective to address “one of the most pressing” issues facing the Canadian capital markets, CanDeal Data and Analytics (DNA) will use its accuracy of dealer-sourced pricing to address the issue.
Leveraging the data for Canadian fixed income market participants has been a lingering challenge for decades due to insufficient accessibility solutions, according to CanDeal.
By integrating CanDeal’s 1pm, 3pm, and 4pm snapshot pricing, IHS Markit customers will have access to market datasets and will be able to make better-informed pre and post-trade decisions while mitigating market risk.
Krishna Shetty, executive director of fixed income business development at IHS Markit, says: “Canadian institutions need tools that are tailored for their market. Providing CanDeal’s pricing alongside IHS Markit’s evaluated bond pricing will give customers the right tools for their valuation, risk management and trading needs from a single provider. We are excited to partner with CanDeal to provide additional coverage and transparency to our Canadian customer base and those trading in the Canadian market.”
Robin Hanlon, director, product marketing and sales at CanDeal Data and Analytics, adds: “There’s a shift taking place in Canadian fixed income markets that is being driven by greater access to data and broader adoption of analytics tools.
“A major player like IHS Markit leveraging CanDeal’s fixed income data will help accelerate this positive momentum and continue to bring the efficiencies to Canadian bond markets that participants have been seeking for years.”
The firm will integrate its proprietary market data into the IHS Markit platform to provide a new level of fixed income price accessibility for the Canadian market.
With an objective to address “one of the most pressing” issues facing the Canadian capital markets, CanDeal Data and Analytics (DNA) will use its accuracy of dealer-sourced pricing to address the issue.
Leveraging the data for Canadian fixed income market participants has been a lingering challenge for decades due to insufficient accessibility solutions, according to CanDeal.
By integrating CanDeal’s 1pm, 3pm, and 4pm snapshot pricing, IHS Markit customers will have access to market datasets and will be able to make better-informed pre and post-trade decisions while mitigating market risk.
Krishna Shetty, executive director of fixed income business development at IHS Markit, says: “Canadian institutions need tools that are tailored for their market. Providing CanDeal’s pricing alongside IHS Markit’s evaluated bond pricing will give customers the right tools for their valuation, risk management and trading needs from a single provider. We are excited to partner with CanDeal to provide additional coverage and transparency to our Canadian customer base and those trading in the Canadian market.”
Robin Hanlon, director, product marketing and sales at CanDeal Data and Analytics, adds: “There’s a shift taking place in Canadian fixed income markets that is being driven by greater access to data and broader adoption of analytics tools.
“A major player like IHS Markit leveraging CanDeal’s fixed income data will help accelerate this positive momentum and continue to bring the efficiencies to Canadian bond markets that participants have been seeking for years.”
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