CollectiveBid Systems Inc. has signed a deal with Merrill Lynch Canada to supply pricing for its fixed income inventories.

The electronic fixed income marketplace developer announced today that its wholly owned subsidiary CBID Markets Inc. has entered into a liquidity provider agreement with Merrill Lynch Canada. Merrill Lynch will provide real-time, executable prices on a wide variety of fixed incomes to be executed electronically within CBID’s retail Alternative Trading System.

Merrill Lynch joins JP Morgan Securities Canada, Laurentian Bank Securities and HSBC Bank Canada as liquidity providers into CBID’s retail ATS. “We welcome the opportunity to partner with CollectiveBid and CBID,” said Loretta Marcoccia, chief operating officer of debt markets at Merrill Lynch Canada. “Connecting to CBID provides us with a cost-effective and efficient method of distributing our fixed income products to hundreds of thousands of Canadian retail clients via their brokers.”

Over 25 IDA member firms participate in CBID’s retail marketplace and will be able to access Merrill Lynch’s inventory. These clients access CBID through the CBID API or ixBroker, a stand-alone proprietary application accessed through a web browser.

Integration between Merrill Lynch and CBID is now complete and has gone live.