The Pure Trading team today announced the results of its fifth industry-wide test on Saturday, May 26. Pure Trading supported 147 client connections coming from more than a dozen dealers.

Conducted in conjunction with other Canadian marketplaces, the test simulated a normal trading day with the significant order entry and order management system vendors in Canada operating their systems for the benefit of many of their clients.

Participation in the test was widespread, despite the U.S. Memorial Day holiday and the fact that a number of dealers have previously completed their testing programme with Pure.

The Pure Trading system operated at 100% availability throughout the pre-open and continuous auction market sessions. At peak, the system processed 487 orders per second, and executed 3000 trades per second.

For the day, the system received 453,425 orders and executed 153,959 trades. These throughput and capacity numbers are substantially below the demonstrated limits of the system during benchmark testing.

The Pure team will be conducting follow up meetings with test participants over the remainder of the week, but preliminary indications are that no significant issues have been identified with the trading engine and gateway systems.

The next important milestone for Pure takes place within the next week: the “Go Live” version of the trading system software will be implemented in Pure’s external test environment, permitting vendors and dealers to commence final regression testing of the system. Expected to take three weeks, vendors will be in a position to install production versions of their “Pure” software at client sites once the regression testing has been completed. At this point, all signs are pointing to a mid-July launch of the system. As previously announced, Pure will start trading with three stocks, with the list to be expanded as the industry demonstrates its readiness to manage a larger stock list.

Pure Trading will be in a position to announce a firm launch date once the external regression testing has been successfully completed.

Pure Trading is operated by Canadian Trading and Quotation System Inc., which also operates CNQ.