CanDeal Data & Analytics Acquires CIBC Fixed Income Data Business
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TORONTO, March 9, 2021 /PRNewswire/ -- CanDeal Data and Analytics (CanDeal DNA), a leading provider of Canadian financial markets' OTC data and information services, has acquired Canadian Imperial Bank of Commerce (CIBC)'s fixed income data business. In addition to enhancing the scope of bond data provided to DNA, CIBC's fixed income clients will become CanDeal DNA clients.
The acquisition will provide CanDeal DNA clients with a more expansive pool of fixed income data, while transitioning existing CIBC's fixed income clients to a multi-dealer suite of bond pricing and liquidity analytics. Clients will benefit from more comprehensive data sets and more informed price reporting for various closing price, benchmarking and market risk purposes.