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Abstract
Canadian business development advisory firm Collaborative Financial Services Inc has signed deals to represent two Toronto-based companies -- startup market structure and transaction cost analysis provider Market Data Authority (MDA) and managed IT services provider Quartet Service -- to help both expand their presence and breadth of service among financial services clients in the region. Chris Sparrow, former director of institutional equities at RBC Capital Markets, who has held senior trading and research roles at Liquidnet, ITG and TD Securities, and also served as a consultant to the Investment Industry Regulatory Organization of Canada, set up MDA a year ago to provide market participants with analysis of market activity, liquidity provision and routing strategies.