Canadian Trading and Quotation System Inc.’s Pure Trading has published a new testing schedule that will precede an expected launch of its new market later this year.

The firm conducted an industry test on Feb. 24 that uncovered “retransmission issues.” Those issues have been identified, and are being resolved, it says. After that test, the firm promised that it would be back to the industry with a revised schedule leading up to the launch of its continuous auction market. It has now released that schedule.

The firm says that during the remainder of March it will be testing with the principal vendors to verify that any issues have been satisfactorily addressed and to ensure that system changes designed to address load-related issues have been correctly implemented.

It adds that the month of April will be used for two principal activities: access vendors and dealers with direct access to the Pure Trading system will be in a position to conduct their final acceptance and regression testing for all issues; and, Pure Trading will make its system available for customers to conduct individual load tests on evenings and weekends.

Saturday, May 5, has been reserved with the TSX for another industry-wide test, it reports.

“The testing activities during the remainder of March and the entire month of April will give a high degree of assurance that all interested parties will be able to complete a successful day of testing,” it says.

After the May 5 test, Pure Trading will confirm a launch date, following an assessment with the community of the relative readiness of its dealers and their supporting vendors. It is anticipated that, “given the extensive testing window available in advance of the industry-wide May 5 test, the launch date will be set for shortly thereafter,” it adds.

“As previously announced, Pure Trading will initially provide continuous auction market services for three Canadian-listed stocks for a short period of time following the launch. The identity of the three stocks will be announced well in advance,” it notes.