CanDeal.ca Inc. is a joint venture company created by six of Canada's leading investment dealersl: BMO Nesbitt Burns Inc., CIBC World Markets Inc., National Bank Financial, RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities Inc., and two technology partners, Basis100 Inc. and MoneyLine Network, Inc. Upon receipt of required regulatory approvals, CanDeal.ca Inc. will provide electronic trading services for Canadian bond and money market products by displaying the best bid and offer, price and yield, from all participating dealers for each security. Clients will be able to simultaneously request trades with multiple dealers thereby increasing efficiency and accuracy in the Canadian fixed income markets.
René R. Sorell, David M. Armstrong, Susan Goscoe, David Ma, Ian Michael (business), Barry B. Sookman (Internet and electronic commerce) and Jerald M. Wortsman (tax) of McCarthy Tétrault LLP represented CanDeal.ca. Victor Hum, Don Luck, Andrea Feltham, David Ujimoto, Tommy Lo, Rick Kesler and Tony Schweitzer of Fraser Milner Casgrain LLP represented Basis100 Inc. Sarah Qadeer of BMO Nesbitt Burns Inc. legal department represented BMO Nesbitt Burns, Bob Richardson and Sean Sorenson (on secondment from McCarthy Tétrault LLP) of CIBC World Markets Inc.'s legal department represented CIBC World Markets Inc., Candace Barrett and Antonio Fratianni of RBC Dominion Securities Inc. legal represented RBC Dominion Securities Inc., Ken Thorlakson of Scotia Capital Inc. legal department represented Scotia Capital Inc. and Adriana Groskopf of TD Securities Inc. legal department represented TD Securities Inc.