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Intercontinental Exchange (ICE) has broadened its Canadian fixed income market coverage through a new agreement with CanDeal DNA, the companies announced today.
The deal enables ICE to provide hourly price updates and bond analytics data for more than 80,000 Canadian fixed income securities between 8am and 5pm Eastern Time. The service enhancement marks a significant expansion of ICE's existing fixed income data offerings.
Chris Edmonds, President of Fixed Income & Data Services at ICE, said: "By working with CanDeal, we're able to enhance our offering with hourly updates for Canadian fixed income markets, a major value-add for our clients. Not only are we investing in quality data, but we're also building upon our robust coverage to help enable our clients to make more informed investment decisions and better manage risk, with access to comprehensive and timely market data."
The new service includes both intraday and end-of-day reference prices through the CanDeal DNA Reference Pricing Service, providing clients with detailed insights into price volatility throughout the trading day.
Robin Hanlon, Head of Strategic Partnerships at CanDeal DNA, said: "This integration allows us to offer market participants more timely price discovery and insights by security and sector to support their strategies in Canadian fixed income. We're excited to continue our relationship with ICE, providing their clients with quality prices and analytics for CAD-denominated fixed income securities."
The move comes as fixed income markets globally face increased scrutiny over price transparency and the availability of real-time market data. ICE, which operates multiple fixed income trading venues alongside its data business, has been expanding its analytics capabilities across different markets.
CanDeal DNA is recognised as a leading provider of Canadian fixed income and over-the-counter derivatives pricing data. The firm supplies reference prices and analytics to major financial institutions operating in Canadian debt markets.
