The Canadian Trading and Quotation System Inc. (CNQ) welcomed its first initial public offering yesterday. On its first day of trading, SCO Medallion Healthy Homes Ltd. was the most active trader and had the third highest volume.

Medallion recently closed its initial public offering, raising $1.3 million from the sale of common shares. On its first day of trading the shares, which were sold under the prospectus at 15¢ per share, traded as high as 30¢, and closed at 20¢.

The trading in Medallion contributed to a record day on CNQ with 4,000,000 shares changing hands in 65 trades — a 12% increase from the previous record set on September 30. The month of September also saw new records established for volume, value and the number of trades.

Northern Securities acted as agent for the prospectus offering and Leede Financial Markets and Canaccord Securities participated in the selling group for the issue.

“CNQ has built a great stock exchange for emerging companies like Medallion and we were very impressed by the professional and helpful assistance of CNQ staff as we brought this issue to the market” said Larry Martin, senior VP of Leede Financial.