Financial Markets strengthens capital markets presence - New state-of-the-art trading floor brings together all trading groups on one floor to optimize teamwork synergy
The Financial Markets division of National Bank Financial Group today inaugurated its new $12 million state-of-the-art trading floor in downtown Toronto, significantly strengthening its presence as a key player in Canada’s capital markets. Located in the former Toronto Stock Exchange space at 130 King Street West, the trading floor covers 35,000 square feet and houses 155 employees, bringing together expertise in fixed income, equity, derivatives and foreign exchange operations onto one trading floor.
“We believe in the strength of Canada’s banking sector and its ability to rebound from a global economic recession,” said Ricardo Pascoe, Executive Vice-President, Financial Markets, National Bank Financial Group. “This investment was made at a time of economic turmoil, demonstrating National Bank Financial Group’s commitment to and confidence in the Canadian financial services sector moving forward.”
In 2009, the Financial Markets division of National Bank Financial Group participated in 64 per cent of all public and corporate debt deals in the Canadian marketplace. In the first quarter of 2010, Thomson Reuters reported National Bank Financial Group as fourth overall in public and corporate debt issuance in Canada. In the same period, National Bank Financial Group led 21 equity deals, raising more than $840 million for Canadian companies.
In addition, National Bank Financial Group has closed six public-private partnership transactions within the last 12 months. As one of the top infrastructure financing advisors in the country, National Bank Financial Group currently has more than 20 public-private partnership deals in the pipeline, valued at approximately $14 billion.
“Our new facility brings together all of our trading groups onto one floor, reinforcing our one client, one bank commitment to better serve clients,” said Mr. Pascoe. “This new trading floor will significantly strengthen our ability to serve corporate, institutional and government clients.”
Using leading-edge technology, trading desk work stations are connected to a centralized, high density blade computing environment. Each configuration has built-in redundancies to ensure trading orders are fast, secure and reliable. An industry-leading turret system enables traders to communicate instantaneously with clients, and a customized computer room was built on-site for trading applications and telephony systems, expediting Financial Markets of National Bank Financial Group’s access to major exchanges, alternative trading systems and third-party vendors.
National Bank Financial Markets is a tradename used by National Bank Financial, which is an indirect wholly owned subsidiary of National Bank of Canada
About National Bank of Canada
National Bank of Canada is an integrated group that provides comprehensive financial services to consumers, small and medium-sized enterprises and large corporations in its core market, while offering specialized services to its clients elsewhere in the world. National Bank offers a full array of banking services, including retail, corporate and investment banking. It is an active player on international capital markets and, through its subsidiaries, is involved in securities brokerage, insurance and wealth management as well as mutual fund and retirement plan management. National Bank has over $134 billion in assets and, together with its subsidiaries, employs 17,946 people. The Bank’s securities are listed on the Toronto Stock Exchange (NA:TSX). For more information, visit the Bank’s website at www.nbc.ca.
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