Canaccord Genuity Group acquires Jitneytrade and related technology business Finlogik

On June 6, 2018, Canaccord Genuity Group Inc. (Canaccord) completed the acquisition of Jitneytrade Inc. (Jitneytrade) and Finlogik Inc. (Finlogik) directly and through the purchase of Finlogik Capital Inc. (Finlogik Capital) This acquisition further strengthens Canaccord’s position as the leading independent trader in the country. 

Canaccord is a full-service financial services firm, with operations in two principal segments of the securities industry: wealth management and capital markets. 

Jitneytrade is a direct access broker, the largest trader of futures and an active trader in equity options on the Montréal Exchange, with a diverse customer base that includes discount brokerage clients, sophisticated trading groups and leading institutions in Canada and internationally. Finlogik designs and manages cloud-based investment solutions, and delivers value-added fintech solutions in the Canadian market. 

Canaccord was represented in-house by Martin MacLachlan; and by McCarthy Tétrault LLP with a team led by Clemens Mayr that included Sonia Struthers, Laure Fouin, Jessica Rousseau (business), Christian Meighen and Angelo Discepola (tax). 

Jitneytrade, Finlogik and Finlogik Capital were represented by Legault Joly Thiffault (LJT) Avocats Lawyers with a team that included Éric Forget and Marc-André Beaudoin (business and tax), and by Fasken Martineau DuMoulin LLP with Élise Renaud and Émilie Marceau (securities and regulatory). Benoit Dubord of Ouareau Capital also acted as advisor to Jitneytrade and Finlogik.