Bank of Canada selects CanDeal DNA Reference Pricing Service for Canadian fixed-income pricing
The Bank of Canada has entered into a multi-year agreement to use the CanDeal Data & Analytics (DNA) Reference Pricing service as its source for Canadian dollar-denominated fixed-income price data. This partnership will support the Bank’s monetary policy, financial system operations, and fund management activities, particularly through its Collateral Management Service (CCMS). The CCMS is expected to enhance efficiency and scalability in collateral and liquidity management during periods of market stress. CanDeal DNA also agreed to publish Canadian government benchmark bond yields on the Bank's website. Andre Craig, President of CanDeal DNA, emphasized that this partnership marks a significant milestone for both the company and Canada’s financial markets, reinforcing confidence through transparency and sector collaboration. CanDeal Group is a leading provider of electronic trading platforms and data services in the Canadian fixed-income market, with major stakeholders including BMO Nesbitt Burns, CIBC World Markets, RBC Capital Markets, Scotia Capital, TD Securities, and TSX.
Topics: financial data fixed income markets government partnership