Meet Our Customers: CanDeal.CA
- Role
- CanDeal provides electronic trading services for Canadian debt securities and derivatives
- Industry
- Financial Services (Electronic Trading)
- Location
- Headquartered in Toronto, Canada
- Goal
- To facilitate secure and efficient trading of fixed income and derivatives through innovative electronic platforms
Products used
A short interview with Joe D’Alessandro, CTO of CanDeal.Ca, the leading electronic marketplace for Canadian dollar debt securities.
Let’s talk about your organization. What is your core business?
“CanDeal provides institutional market participants with an electronic marketplace for Canadian dollar debt securities. Currently we operate in Canada, US and Europe with 200+ Institutional investors and 13 investment dealers”.
Who is the typical user of your product or service?
“Bond and Money Market traders and sales people at institutional investors: asset managers, hedge funds, pension funds, insurance companies, central banks, etc. and investment dealers (all of Canada’s primary dealers)”.
Initially, Lightstreamer will be used to drive real-time spreadsheets for both buy and sell side users. The platform will also be used to drive enhanced functionality to the CanDeal website and any other websites looking for CanDeal data, CanDeal’s new broadcast data feed, mobile strategy and a closing prices product.
Joe D’Alessandro
— CTO of CanDealWhat does your application or service do?
“CanDeal facilitates electronic trading of Canadian dollar debt securities. Institutional investors from around the globe leverage CanDeal to gain direct access to the liquidity of our dealer network”.
What functionalities are powered by Lightstreamer?
“Initially, Lightstreamer will be used to drive real-time spreadsheets for both buy and sell side users. The platform will also be used to drive enhanced functionality to the CanDeal website and any other websites looking for CanDeal data, CanDeal’s new broadcast data feed, mobile strategy and a closing prices product”.
Is your main application based on HTML or other front-end technologies?
“The trading application is C++ client”.
Do you provide any native apps for smartphones and tablets?
“Not currently”.
Do you use Lightstreamer for bi-directional data push (that is, also for sending messages from the client to the server)?
“Yes, Lightstreamer will be used for bi-directional data push”.
What other features of Lightstreamer are you taking benefit from (e.g. data throttling, low latency, bandwidth management, security, smart proxy traversal, etc.)?
“No other features are contemplated at this time”.
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