Canadian Trading and Quotation System Inc, (CNQ) reports that, with the posting of the remaining 242 securities to its Pure Trading marketplace earlier this week, it has achieved the significant milestone of providing trading services in all 2,226 senior Canadian-listed securities.

“This achievement is the result of a tremendous amount of time and effort from the CNQ team, our participating dealers and their supporting systems vendors. Through all of the months of industry tests and the gradual implementation of new stocks as dealer and vendor systems demonstrated their readiness, we never lost sight of the goal: to deliver a better, faster and cheaper trading experience for our customers”, says Richard Carleton, vp of corporate development for CNQ.

“Even though we are still at an early stage, each day we are delivering more than half a million new, competitively priced, orders to the Canadian markets resulting in narrower bid/ask spreads and greater liquidity for investors”.

Pure Trading now has 77 participating dealers, representing more than 97% of the daily equity trading volume in Canada.

With its initial launch of trading services for three stocks on Sept. 14, 2007, Pure Trading became the first competitive fully electronic equity auction market service to ever launch in Canada.

“We’re continuing to see a great deal of international dealer and service provider interest in connecting to Pure Trading for their clients” says Ian Bandeen, vice chairman and CEO. “Winning more order flow from these sources will be a key focus of our efforts in the coming months.”

http://www.marketwire.com/mw/release.do?id=813475&k=pure%20trading