CanDeal reports a 218% increase in the number of trades executed on its Canadian Money Market (CAMM) trading platform in the second half of its fiscal year, ended October 31.

“This rapid growth of trades is consistent with the U.S. and European experience and the widespread adoption of online trading in money markets, globally. All of the leading dealers in the Canadian money market participate on CanDeal,” says Shirley Gallant, managing director for CanDeal.

CanDeal says CAMM is the only destination where domestic and international institutional investors and treasury managers can sort, filter and view multiple dealer offerings of Canadian money market instruments in a single commingled display. Users may trade at dealer-posted levels or electronically negotiate with them on a one-on-one basis.

In addition to its commingled-offering platform, CanDeal’s proprietary Request for Quote (CAMM-RFQ) trading protocol allows users to simultaneously solicit firm offerings from multiple dealers. Using a single-click, clients can trade with one or more dealers to create a diversified position. CAMM-RFQ is available for Banker’s Acceptances, Bank Deposit Notes and Term Deposits.

CanDeal says it creates a permanent and retrievable compliance archive of every transaction, which details all communications between client and dealer during the trade cycle; including prevailing market levels at the time of the trade and subsequent trade allocations or modifications.