(March 17:45 ET) – CanPX Corp., the bond transparency system, today announced the introduction of a revised and expanded central pricing system and the selection of MoneyLine Network Inc. as technical facilitator and sales agent.

CanPX is the Investment Dealers Association’s long-running attempt to bring some transparency to the bond business by getting inter-dealer brokers to agree to display their prices through a central system. It is a joint venture of IDA member firms and inter-dealer brokers operating in domestic debt markets.

CanPX says its expanded transparency system will be rolled out over the next three months beginning with today’s release of the Government of Canada product that will be available free of charge for the next 60 days. This new product provides expanded coverage of Government of Canada treasury bills and bonds, and will be followed by the addition of all provincial bond issues traded through the inter-dealer broker market. The transparency system will also include traded prices for 20 actively traded corporate bonds.

The hope is that the availability of real-time information on actively traded government and corporate bonds will give investors timely information on secondary debt markets, allowing them to get better bond prices.

The system providing data on the debt instruments announced today will make up the basic CanPX product, for which subscribers will pay a monthly fee of about $35 per terminal. CanPX is also developing a premium CanPX/GovPX product that will incorporate data on U.S. Treasury debt instruments from GovPX Inc.

“We have worked very hard to respond to the demands of regulators and investors and have delivered a state-of-the-art transparency system that builds on our previous efforts. Our new system will effectively consolidate information across debt markets to benefit investors and issuers alike” said Phipps Lounsbery, president CanPX.

By appointing MoneyLine as technical facilitator and sales agent, CanPX aims to broaden its market coverage and deliver its products through traditional financial market information vendors such as Telerate and Reuters as well as a cost-effective Internet-based service of its own. “We are strong supporters of the CanPX transparency initiative and look forward to working with CanPX to deliver the expanded transparency products to the global marketplace in a timely and efficient manner.” said Robin Hanlon, director of marketing, MoneyLine.