CBID Markets Launches Electronic Request for Quote Trading.TORONTO -- Anonymous and disclosed trade execution now supported on one platform expanding opportunities for bond market participants CBID CBID Central Brain Identifier Markets Inc. ("CBID Markets"), a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of CollectiveBid Systems Inc. ("CollectiveBid"), today announced that it has integrated Request for Quote ("RFQ RFQ Request For Quote RFQ Request For Quotation RFQ Request for Qualifications (part of a potential client's preliminary selection process) RFQ Radio Frequency Quadrupole (accelerator technology) ") trading into its Institutional electronic debt marketplace. The addition of RFQ, for less liquid securities, complements CBID Markets' existing live, order-driven, anonymous market. Customers of CBID Markets now have a choice of trade execution method on a single trading platform. The new RFQ capability gives customers electronic access to liquidity from nine participating dealers. Customers can simultaneously request a firm bid or offer from up to four of CBID Markets' participating dealers and immediately trade on the results of the competitive auction. A full audit trail of each RFQ session is reported and may be exported into third-party systems. CBID Markets acts as central counterparty for both anonymous and disclosed trades (RFQ) to deliver a consistent environment for settlement and clearing regardless of the customer's chosen execution method. CBID Markets' customers can choose anonymous or RFQ-based execution on Canadas, Agencies, Provincials, Corporates, rolls and switches. Laurence Rose, President and Chief Executive Officer of CBID Markets and CollectiveBid said, "The launch of ixTrader(TM) Version 5.0 furthers CBID Markets' position as the leading innovator in electronic fixed income trading in Canada. With the launch of RFQ functionality, CBID Markets becomes one of only a few electronic marketplaces globally offering both live anonymous and disclosed trade execution models on the same trading platform. We believe that the breadth of functionality and trading methodologies in ixTrader(TM) will make it the platform of choice for Canadian debt market professionals." With the launch of RFQ, CollectiveBid announced today that it released and successfully implemented ixTrader(TM) Version 5.0, a significantly enhanced version of its proprietary fixed income trading application. Version 5.0 of ixTrader(TM) contains enhancements that contribute to its ease of use, allow increased customization and strengthen CBID Markets' existing market-leading Straight Through Processing In financial technology, the ability to process a stock transaction by computer from beginning to end without manual intervention at any of the stages. (STP STP or standard temperature and pressure, standard conditions for measurement of the properties of matter. The standard temperature is the freezing point of pure water, 0°C; or 273.15°K;. ) technology. "The release of Version 5.0 of ixTrader(TM) demonstrates our ongoing commitment to offer customers the most advanced and innovative electronic trading  This article or section is in need of attention from an expert on the subject.Please help recruit one or [ improve this article] yourself. See the talk page for details. tools in the fixed income capital market. We believe the success and growth of our marketplace is driven by providing continuous innovation, customer attention, and superior service to our growing participant base," concluded Mr. Rose. About CBID Markets Inc. CBID Markets Inc. was formed in October 2001 and in March 2002 was approved as Canada's first fixed income Alternative Trading System The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. ("ATS"). With its approval by the Investment Dealers Association of Canada and an order issued by the Ontario Securities Commission The Ontario Securities Commission (OSC) is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario. The OSC is an Ontario Crown corporation which reports to the Ontario legislature through the Minister of Finance. and certain other securities regulators, CBID Markets operates both a Retail and Institutional fixed income ATS and acts as the dealer arm of its parent company, CollectiveBid Systems Inc. In March of 2003 CBID Markets was approved by the Ontario Securities Commission as a Futures Commodity Merchant and by the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg as an Approved Participant giving it regulatory approval to trade in the futures markets futures market, a commodity exchange where contracts for the future delivery of grain, livestock, and precious metals are bought and sold. Speculation in futures serves to protect both the developers and the users of the commodities from unfavorable and unpredictable . About CollectiveBid Systems Inc. Founded in 1999, and located in Toronto, Canada, CollectiveBid Systems Inc. is a developer of electronic marketplace solutions for the execution of trades of financial products via the Internet. The company's systems are end-to-end solutions and include real-time and auction-based transaction execution, market data management, risk management and middle and back-office systems to facilitate straight through processing. CollectiveBid Systems Inc. and CBID Markets Inc. are both privately owned companies. For more information about the companies and their products or services visit the organization's web site at www.cbidmarkets.com, e-mail info@CollectiveBid.com or call (416) 601-2243. About ixTrader(TM) ixTrader(TM) version 5.0, developed by CollectiveBid Systems Inc., is a proprietary desktop application for electronic fixed income and futures order execution providing access to CBID Markets' Institutional marketplace. ixTrader(TM) connects the financial community, including registered dealers, institutional investors Institutional Investor A non-bank person or organization that trades securities in large enough share quantities or dollar amounts that they qualify for preferential treatment and lower commissions. , governments and pension funds, through one seamless application. All the user requires is an Internet connection and a login Signing in and gaining access to a network server, Web server or other computer system. The process (the noun) is a "login" or "logon," while the act of doing it (the verb) is to "log in" or to "log on. and password in order to execute a transaction. ixTrader(TM) provides direct access to real-time bond and futures prices and electronic execution capability similar to the equity market. |
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