Last year was a series of milestones for Canadian Trading and Quotation System Inc. (CNQ), Canada’s newest stock exchange.

In the exchange’s 2004 annual review released today, Rob Cook, CNQ president and CEO, says it seemed the exchange established a new record every month.

CNQ was granted recognition as a stock exchange in May 2004, which Cook says “was perhaps the single most noteworthy event of the year.”

On September 30, it achieved its first $1 million trading day. Trading value in December $4.09 million.

Its first initial public offerings came in October, and its first debenture issue offering was floated in December.

Total listings were up 200% , at 38, by year-end.

During the year the most active stock by both volume and value was Quadrus Resources Corp. (QDRA.U). Trading volume was 35.7 million shares, worth $5.6 million.