TSX Rolls Out Multi-Dealer Index

Prices from the new dealers, including TD Securities, Casgrain & Co., BMO Nesbitt Burns, RBC Dominion Securities, National Bank Financial, Merrill Lynch Canada and HSBC, went live Oct. 1.

John McLean, director of PC Bond, says extra dealers should result in narrowing of spreads from dealers to clients. Also, because clients can use the indexes to create derivative contracts, the pricing of these derivatives should be more competitive and result in lower spreads.

The ability to draw upon more