CNQ Successfully Launched Pure Trading Today
Toronto, Ont. (September 14, 2007) Canadian Trading & Quotation System Inc. (?CNQ?) is pleased to announce today that its Pure Trading facility successfully launched its continuous auction market at 9 am EDT this morning. This event marks the second phase of Pure Trading?s market development that began with the provision of a cross printing facility on October 12, 2006.
With 65 participating dealers, representing more than 95% of the daily equity trading volume in Canada, Pure Trading is the first competitive fully electronic equity market to ever launch in Canada. The culmination of an industry wide effort over the course of more than a year, Pure Trading is currently offering trade execution services for three stocks (Aber Diamonds ?ABZ?, Fairfax Financial ?FFH? and iSharesTM CDN Energy Sector Index Fund ?XEG?). Additional stocks will be added to the list based on continuing consultation with participating dealers and service providers. Market hours are 9am-5pm with a pre-open session between 7am and 9am.
* ?iShares? is a trademark of Barclay?s Global Investors, N.A.
For more information please contact:
Director, Business Development & Marketing
416.572.2000 ex 2285