Notes to the Consolidated Financial Statements
(Years ended December 31, 2007 and 2006 (In thousands of dollars, except per share amounts)

5.  Investment in affiliate:

The Company owns a 47% equity interest in CanDeal.ca Inc. (“CanDeal”), an electronic trading system for the institutional debt market. The investment is accounted for using the equity method. As part of the investment, the Company and CanDeal entered into an agreement under which the Company would provide technological services in support of CanDeal’s electronic trading system. In 2007, the Company charged CanDeal $185 (2006 – $228) for technology services and remitted to CanDeal $680 (2006 – $642) as part of a revenue sharing arrangement and for the supply of technology development.