Canadian Quotation and Trade Reporting System Inc. (CNQ) reports that it has completed its first full year of operation with several consecutive months of increased trading activity.


Total volume for the month of July was 8,777,250 shares with a value of $2,203,294.

“This steadily increasing activity reflects not only the growing awareness of CNQ’s stock exchange but also the demand for trading in the shares of CNQ listed companies” said Robert Cook, President and CEO. “We’ve come a long way since we launched last summer.”

“The trading activity is typical for markets for developing companies that have a relatively low price per share,” said Cook, “and the participation of market makers contributes to an orderly market.” The average trade on CNQ has a value of just over $4,000, reflecting that the demand for most listed shares comes from retail investors.

CNQ ended its first full year of operation with 28 listed companies, with an average market capitalization of $4.5 million. Most Canadian investment dealers access the CNQ market either directly or through correspondent arrangements with the 14 approved CNQ dealers, gaining access to companies that do not trade on any other stock exchange in Canada. The new stock exchange, recognized by the Ontario Securities Commission, operates a fully electronic trading system with competitive market makers as liquidity providers. Investors are protected by the CNQ rules providing full price and time priority to client orders and by the rules and regulations of the OSC, the Investment Dealers Association and Market Regulation Services Inc.