What We Deliver

We pool and package OTC as well as other third-party pricing, transaction and reference data. This provides clients with unique insight into their trading activity and market context for use in modelling, risk and compliance

CanDeal

Pricing
services

Risk
management

Support
services

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PRICING SERVICES

 

We provide pricing for more than 65,000 Canadian fixed income securities, as well as interest rate swaps and repo. Our daily marks are the most representative in the industry and provide reliable pricing references for portfolio and risk managers in Canada and elsewhere. Our composite and evaluated pricing services are provided at 1pm, 3pm, 4pm and end of day.

Rely on the most accurate OTC pricing – contributed, cleansed and validated daily.

 

  • Live streaming composite prices for securities traded over the CanDeal Markets platforms
  • Composite prices for all securities quoted by the major dealers at regular timestamps throughout the trading day
    • Advanced validation algorithms applied consistently on all submitted quotes
    • Ranking hierarchy applied to composite prices based on the number & quality of contributions, as well as tracking prices to trade activity/security
    • Proprietary methodology determines whether contributed quotes are anchored in observed trade data
    • Standardized security ‘short-name’ conventions applied
  • Evaluated prices for all securities
    • Based on proprietary models, issuer data and performance filtered composite prices
    • Managed by a dedicated team of market data specialists with extensive knowledge and industry experience
  • Independent Price Verification for product control, risk, and middle office, including peers-only composites, evaluated prices as well as curves for risk models

See more information about the CanDeal DNA Reference Pricing Service.

 

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RISK MANAGEMENT

We pool OTC transaction data, bucket by risk factor categories and provide a suite of delivery & platform capabilities. This solution suite along with our pricing services provide the analytics and data support for dealers to accurately monitor and fuel risk models and ensure regulatory compliance.

  • Bespoke analytics, calibrated by type of asset class, alignment of attributes, tenors and trade characteristics

 

SUPPORT SERVICES

We provide a growing range of additional services that deliver a more efficient channel for clients to manage reference data, as well as mutualize operational and collection costs across the industry.

  • Data-as-a-Service, custom workflows and interfaces for cost-sharing and centralized services, plus to support FRTB compliance
  • Terms & Conditions prospectuses as shared by syndication and origination desks at the major dealers

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TRADING PRODUCTS

As well as the expansive set of pricing services, we deliver a subset of Canadian fixed income data generated directly from the CanDeal Markets trading platforms:

 


  • CanDeal Spreadsheet Add-in
    a spreadsheet plug-in that delivers real-time prices directly to your desktop

  • CanDeal Trading File
    a file containing details on your firm’s executed trades of the day

  • CanDeal Pricing Feed
    route data to internal systems using a real-time proprietary data feed

  • CanDeal Compliance File
    (buy-side only)
    a detailed list of every RFQ submitted by your firm

  • CanDeal Daily Pricing File
    a snapshot view of daily
    CanDeal prices

  • CanDeal Historical Data
    customized historical data sets and trade blotters – more than 10 years of historical data is available

BEST PRACTICES

With CanDeal DNA, you have applied best-in-class industry standards that will ensure that you meet the most rigorously regulatory and internal compliance thresholds.

  • Standardized industry inbound formats
  • Consume all primary dealer pricing, trade and reference data
  • Validate semantic and syntactic validation algorithms
  • Enrich with security master reference data and apply standards such as short names
  • Categorize and classify to ensure domestic market conventions are addressed
  • Align composite pricing to mitigate any gaps to trade tracking
  • Apply a ranking hierarchy to composite prices based on contributor quorum and trade activity
  • Generate curves by Issuer Bond types, Sectors and Ratings to generate evaluated prices

  • Leverage IOSCO benchmark principles for pricing securities such as:
    • Extensive arm’s length manufacturing and independent data governance applied throughout the pricing process to ensure no conflict of interest
    • Quality and coverage reports provided to contributors
    • Industry Committee reviews, input and feedback on methodologies
    • Hierarchy of rules to highlight observations based on trades, liquidity, pricing observations
    • Transparency of pricing methodologies
    • Direct from source Terms & Conditions to ensure accurate bond reference data attributes and application of domestic market conventions
    • Strong client support and tracking to manage price challenges

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Read our FAQs, or learn more about CanDeal DNA’s Price Challenge Procedures.

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