Fidelity Investments of Boston has launched a Canadian clearing business, but it will have its work cut out to gather share in a market dominated by three players.

Fidelity Clearing Canada ULC was introduced Thursday to provide clearing, custody and back-office services to Canadian brokerages and the Canadian brokerage arms of U.S. companies, according to Richard N. Hart 3rd, a senior vice president of Fidelity's U.S. clearing arm, National Financial.

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