CanDeal partners with IHS Markit 16 February 2022Canada Reporter: Carmella Haswell
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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 鈥渙ne of the most pressing鈥� 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鈥檚 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: 鈥淐anadian institutions need tools that are tailored for their market. Providing CanDeal鈥檚 pricing alongside IHS Markit鈥檚 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.鈥�
Robin Hanlon, director, product marketing and sales at CanDeal Data and Analytics, adds: 鈥淭here鈥檚 a shift taking place in Canadian fixed income markets that is being driven by greater access to data and broader adoption of analytics tools.
鈥淎 major player like IHS Markit leveraging CanDeal鈥檚 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.鈥�
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