Frequently Asked Questions
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What type of products does Shorcan broker?
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Shorcan brokers Government of Canada bonds, Provincial bonds, Corporate bonds, Mortgage bonds and treasury bills. Shorcan also brokers numerous derivative products such as bond options, Repos, interest rate swaps, floating rate notes and overnight index swaps. Products maybe added or removed from time to time.
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What does Shorcan do?
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Shorcan acts as an intermediary in the bond market and matches buyers and sellers anonymously.
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What is an IDB?
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An Inter-dealer bond broker acts as an exchange for trading between banks and investment dealers in the wholesale bond market. Teams of highly-trained brokers working with specialized technology facilitate transactions at optimum price and volume levels in a timely, efficient manner, enhancing their customers' productivity and profitablity.
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What is straight-through processing (STP)?
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Shorcan has established high-speed network connections with its customers. This facility allows trade details to be transmitted in real time directly into a trader's inventory management system. This capability saves the trader time and effort in reporting trades, as well as reducing errors and providing more timely information about trades he or she is involved in.
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