CanDeal’s DataVault Innovations delivers Canadian banks 400+% increase in FRTB modellability
Summary
Since the launch of the new platform, BMO Nesbitt Burns Inc., CIBC World Markets, National Bank Financial Inc., RBC Capital Markets, Scotia Capital, and TD Securities have been pooling their data and have seen dramatic increases in modellable instruments under the new FRTB rules, which imposes compliance requirements on banks wholesale trading activities. “TickSmith has been a great partner in the development of a robust data pooling platform that helps Canadian banks meet FRTB requirements. TickSmith GOLD also restricts data access of the end-users through secure, granular entitlement layers, allowing for cell-level control. CanDeal is a leading provider of electronic marketplaces and data services for Canadian dollar debt securities and derivatives. CanDeal Markets also delivers Canadian institutional investors with electronic access to liquidity in non-Canadian debt and derivative marketplaces operated by Tradeweb.