CanDeal DNA
CanDeal Data and Analytics (CanDeal DNA) is the data and analytics division of CanDeal that aggregates dealer-sourced pricing, trade, and Terms & Conditions data from Canada's major dealers to deliver independent reference, composite, and evaluated pricing for approximately 95,000 Canadian fixed income securities to buy-side institutions, fund administrators, information redistributors, and technology service providers.
- Company typePrivate
- Founded2015
- HeadquartersToronto, Canada
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
CanDeal DNA firmographics
Firmographics- Name
- CanDeal DNA
- Legal name
- CanDeal Data & Analytics
- Website
- https://candealdna.com
- Company type
- Private
- Founded year
- 2015
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CanDeal Data and Analytics (CanDeal DNA) is the data and analytics division of CanDeal that aggregates dealer-sourced pricing, trade, and Terms & Conditions data from Canada's major dealers to deliver independent reference, composite, and evaluated pricing for approximately 95,000 Canadian fixed income securities to buy-side institutions, fund administrators, information redistributors, and technology service providers.
- Ownership category
- akta.pro rank
CanDeal DNA industry classification
Industry- Product category
- Financial Market Data & Analytics
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Services-Computer Programming, Data Processing, Etc. (7370)
- akta.pro primary industry
- Reference Data & Static Data Operations (SSI/Instrument/Client Data) (FSACALAJ)
- akta.pro secondary industry
- Reference Data & Security Master / Corporate Actions Data Services (FSAFALAH)
Keywords
Where CanDeal DNA is headquartered
LocationHeadquarters
- HQ city
- Toronto
- HQ country
- Canada
- HQ region
- North America
Markets served
CanDeal DNA business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Data and Analytics Licensing: Licensing of fixed income pricing data, security master data, and analytics to buy-side firms, fund administrators, information redistributors, and technology service providers. Revenue generated through subscriptions for ongoing access to reference pricing, composite pricing, evaluated pricing, security master, and analytics products.
- Partner Distribution Licensing: Distribution of CanDeal DNA data through partner platforms including FTSE Russell, Refinitiv, ICE, Rimes, Fundata, and S&P Global. Partners integrate Canadian fixed income pricing into their indices, data platforms, and analytics solutions.
- Trading Platform Data Products: Sale of trading-specific data products including real-time pricing feeds, daily pricing files, trading files, compliance files, and historical data sets generated from CanDeal Markets trading platforms.
Go-to-market motion1 record
Distribution channels7 records
Marketing channels5 records
CanDeal DNA product offering
Product offeringCore offering
CanDeal DNA is a Data-as-a-Service platform that aggregates, validates, and analyzes pricing, trade, and Terms & Conditions data from all major Canadian dealers to provide independent fixed income pricing and analytics. The core Reference Pricing Service delivers valuations for approximately 95,000 Canadian fixed income securities at multiple intraday snap times, complemented by a Security Master product, Analytics Suite, CanDeal Curves, Dealer Margin Requirements, and trading data products delivered via feeds, files, and a spreadsheet add-in.
Product overview
CanDeal DNA is a unified data and analytics platform delivering Canadian OTC fixed income pricing and related services. The core offerings include the Reference Pricing Service (providing valuations for approximately 95,000 securities via dealer-sourced composite pricing), the Security Master product (instrument reference data), and the Analytics Suite (proprietary liquidity metrics). CanDeal Curves provides comprehensive curve offerings used in evaluated pricing methodologies, and Dealer Margin Requirements calculates daily margin requirements. Data is delivered through trading products including the Spreadsheet Add-in, Pricing Feed, Daily Pricing File, Trading File, Compliance File, and Historical Data files. The platform aggregates pricing, trade, and Terms & Conditions data from Canada's major dealers to serve buy-side participants, fund administrators, information redistributors, and technology service providers.
Differentiator
Problem solved
Functional benefit
Products and services
- Reference Pricing Service Fixed income reference pricing service providing valuations for approximately 95,000 Canadian fixed income securities at multiple intraday snap times, using dealer-sourced pricing from Canada's leading banks and dealers with proprietary quantitative validation techniques.
- Security Master Product Premier Canadian fixed income Security Master solution enriched through rigorous data grooming, completion processes, and Canadian market conventions, including hard-to-find instrument detail for illiquid securities and new issue details from syndication desks.
- Analytics Suite Analytics product suite that mines data for further analysis, modelling, and insights, delivering proprietary liquidity metrics and unique insights into the Canadian fixed income market using cleansed, validated, and enhanced data sets.
- CanDeal Curves Comprehensive curve offerings for Canadian fixed income markets, updated three times daily and derived from composite pricing, used in evaluated pricing methodologies.
- Dealer Margin Requirements Accurate, comprehensive minimum margin requirements calculated daily for approximately 95,000 Canadian fixed income securities.
- CanDeal Spreadsheet Add-in Spreadsheet plug-in delivering real-time Canadian fixed income prices directly to the user's desktop.
- CanDeal Pricing Feed Real-time proprietary data feed routing Canadian fixed income pricing data to internal systems.
- CanDeal Daily Pricing File Daily snapshot view of Canadian fixed income prices.
- CanDeal Trading File File containing details on a firm's executed Canadian fixed income trades of the day.
- CanDeal Compliance File Detailed list of every RFQ submitted by the firm, available for buy-side participants.
- CanDeal Historical Data Customized historical data sets and trade blotters with more than 10 years of historical Canadian fixed income data available.
- Wealth Management & Retail Solution Solution for wealth management and retail clients to manage market exposure, make better investment decisions, and meet Know Your Product requirements in Canadian fixed income.
Quantifiable outcome
- ~95,000 Canadian fixed income securities covered with daily evaluated pricing
- +2 more outcomes
Companies that use CanDeal DNA
Customer profileNamed customers6 records
Segments5 records
Ideal customer profiles4 records
CanDeal DNA technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature8 records
CanDeal DNA partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered flagship, core and minor.
- FTSE RussellflagshipExtended 10-year partnership for Canadian fixed income data with expanded scope including additional data, index, and portfolio analytics. CanDeal DNA's pricing, security master, and analytics capabilities will be delivered through FTSE Russell's platform. Both partners committed to developing a next-generation fixed income analytics solution integrated with FTSE Canada indices. Partnership aims to strengthen Canada's fixed income market through trusted data and continued innovation for global market participants.
- RefinitivcoreRefinitiv distributes CanDeal DNA Canadian fixed income pricing data through their global financial data platform, making CanDeal pricing available to Refinitiv's worldwide customer base.
- ICE (Intercontinental Exchange)coreICE distributes CanDeal DNA data through their financial data services, integrating Canadian fixed income pricing into their data ecosystem.
- RimesminorRimes distributes Canadian fixed income pricing data as part of their data management solutions for investment management clients.
- FundataminorFundata distributes Canadian fixed income pricing data to their client base of investment management firms.
- S&P GlobalcoreS&P Global distributes CanDeal DNA data through their financial data platform services, providing Canadian fixed income pricing to global market participants.
Scale indicators5 records
Recent moves6 records
Expansion highlights5 records
CanDeal DNA competitors and assessment
Company assessmentBroad incumbents
- LSEG (Refinitiv): LSEG/Refinitiv operates a global fixed income data franchise spanning evaluated pricing, reference data, and analytics that overlaps with CanDeal DNA's offerings. Refinitiv is also a CanDeal DNA distribution partner, illustrating the incumbent-with-overlap dynamic.
Emerging players
- MarketAxess: MarketAxess operates the leading electronic fixed income trading platform and has been expanding into data, analytics (Composite+, CP+), and pricing services that increasingly overlap with CanDeal DNA's analytics and liquidity offerings. Comparable in serving institutional buy-side fixed income participants.
- Tradeweb: Tradeweb is a major electronic fixed income trading venue whose data and analytics products increasingly compete for the same buy-side analytics budgets. Its direct integration with dealer pricing data is comparable to CanDeal DNA's role on the trading side.
- FINBOURNE Technology: FINBOURNE provides cloud-native investment data management and reference data services that overlap with CanDeal DNA's security master and reference data offerings. It represents the modern, API-first architectural alternative to CanDeal DNA's legacy feed-based delivery.
- Rimes Technologies: Rimes is a specialist data management and analytics provider for investment managers that redistributes CanDeal DNA's Canadian data and competes in adjacent reference data and master data management workflows. Smaller scale than global incumbents but with meaningful overlap in buy-side data infrastructure.
Direct peers
- S&P Global Market Intelligence: S&P Global's evaluated pricing and security master services (including the former IHS Markit fixed income data business) directly compete with CanDeal DNA's core offerings. S&P Global is also a distribution partner for CanDeal DNA's Canadian data, creating both a competitor and channel overlap.
- Bloomberg (BVAL): Bloomberg's BVAL evaluated pricing service is the global benchmark in fixed income evaluated pricing, directly competing with CanDeal DNA's Reference Pricing Service for buy-side and fund administrator clients. Both offer independent, model-driven daily valuations for fixed income securities.
- ICE Data Services (Pricing Partners): ICE Data Services, which acquired Pricing Partners, provides evaluated pricing and reference data for fixed income and derivatives globally, directly competing with CanDeal DNA's evaluated pricing and security master offerings. ICE is also one of CanDeal DNA's distribution partners.
Others
- FTSE Russell (LSEG): FTSE Russell is CanDeal DNA's flagship 10-year strategic partner and a major consumer of its pricing for FTSE Canada indices. As an index provider it is adjacent rather than directly competitive, but the deep co-development relationship makes it a critical ecosystem participant.
- CanDeal Markets (parent platform): CanDeal Markets is the parent trading platform that generates the trade data feeding CanDeal DNA's Trading and Compliance Files. It is the operational backbone rather than a competitor, but the relationship is critical context for understanding CanDeal DNA's data origination advantage.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
CanDeal DNA social profiles
Digital presenceCanDeal DNA compliance and trust
Trust signalCompliance1 record
CanDeal DNA financial estimates
Financial estimateRevenue estimate
Valuation estimate
CanDeal DNA leadership team
Management profileNumber of profiles
CanDeal DNA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CanDeal DNA M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CanDeal DNA
What does CanDeal DNA do?
CanDeal DNA is a Data-as-a-Service platform that aggregates, validates, and analyzes pricing, trade, and Terms & Conditions data from all major Canadian dealers to provide independent fixed income pricing and analytics. The core Reference Pricing Service delivers valuations for approximately 95,000 Canadian fixed income securities at multiple intraday snap times, complemented by a Security Master product, Analytics Suite, CanDeal Curves, Dealer Margin Requirements, and trading data products delivered via feeds, files, and a spreadsheet add-in.
Is CanDeal DNA a public or private company?
CanDeal DNA is a private company. It is classified as corporate owned and is currently operating.
When was CanDeal DNA founded?
CanDeal DNA was founded in 2015. It employs 11 to 50 people.
Where is CanDeal DNA based?
CanDeal DNA is headquartered in Toronto, Canada, in the North America region.
How does CanDeal DNA make money?
Three revenue lines are on record. Data and Analytics Licensing is the primary driver. The others are partner Distribution Licensing and trading Platform Data Products.
Who are CanDeal DNA's main competitors?
LSEG (Refinitiv) is listed as a broad incumbent. Emerging players are MarketAxess, Tradeweb, FINBOURNE Technology and Rimes Technologies. Direct peers are S&P Global Market Intelligence, Bloomberg (BVAL) and ICE Data Services (Pricing Partners). Others are FTSE Russell (LSEG) and CanDeal Markets (parent platform).
Does CanDeal DNA have an API?
No public API is recorded for CanDeal DNA.
What industry is CanDeal DNA in?
CanDeal DNA's product category is Financial Market Data & Analytics. Its primary akta.pro industry code is FSACALAJ, Reference Data & Static Data Operations (SSI/Instrument/Client Data), with a secondary code of FSAFALAH, Reference Data & Security Master / Corporate Actions Data Services. Its NAICS code is 522320 and its SIC code is 7370.