The Canadian Quotation and Trade Reporting System (CNQ) has finished its first year in business with several consecutive months of increased trading activity.
In July the exchange set records for volume traded and the value of those transactions. Total volume for the month was 8.8 million shares worth $2.2 million.
“This steadily increasing activity reflects the growing awareness of CNQ’s stock exchange,” says CNQ President Robert Cook. “We’ve come a long way since we launched last summer.”
CNQ ended its first year of operation with 28 listed companies with an average market cap of $4.5 million. Eight resource companies trade on the exchange.
The average trade on CNQ is valued at slightly more than $4,000.
The exchange operates an electronic trading system, to which investors can gain access either directly or via 14 approved dealers.
The CNQ abides by the rules of the Ontario Securites Commission, the Investment Dealers Association, and Market Regulation Services, an independent regulator of Canadian equity markets.
Complete public disclosure by every listed company is available by visiting www.cnq.ca
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