Restructured Canpx To Begin Tests Next Month

NEW PRODUCTS

TORONTO--After much regulatory wrangling, Canpx, the consolidated feed of indicative Canadian Treasury prices, will begin testing next month.

Canpx will provide indicative Treasury prices from three of the five major interdealer brokers in the Canadian market: Exco Shorcan, Freedom International and Prebon Yamane. It expects the participation of Tullett & Tokyo will be confirmed in the near future. Visibly absent from the system is Cantor Fitzgerald.

Canpx was born in 1992, through an industry

To continue reading...