Canadian Trading and Quotation System Inc. (CNQ) today announced the election of an expanded board of directors at its recent annual general meeting.

Gordon Cheesbrough, Tom Lunan, John MacNaughton and Steven Small have joined the existing board of Ian Bandeen, William Braithwaite, Robert Cook, Adam Conyers, Roy Hill and Jeff MacIntosh.

“We are delighted with the enhanced level of expertise that each of these individuals will bring to the Board” remarked Ian Bandeen, chairman. “2006 will be a very exciting time for CNQ as we build out our product offerings and provide an alternative market for Canadian equity securities that will be markedly better, faster and cheaper than the Canadian capital markets have previously experienced.”

Cheesbrough has since 2003 been a founding partner of Blair Franklin Capital Partners. From 1998 to 2002 he was the president and CEO of Altamira Investment Services Inc.

Lunan is the vp of B.E.S.T. Investment Counsel Ltd, as well as the CFO of The B.E.S.T. Discoveries Fund Inc. and B.E.S.T. Total Return Fund Inc. Prior to joining B.E.S.T., Lunan was a manager, company listings at the Toronto Stock Exchange and prior to that he was at the Ontario Securities Commission in the corporate finance branch.

MacNaughton served from 1999 to 2005 as the founding president and CEO of the Canada Pension Plan Investment Board. Prior to joining the CPP Investment Board MacNaughton spent 31 years in the investment business with Nesbitt Burns Inc. and its predecessors.

Small is the CEO of Capital Partners Corporation, a boutique merchant banking firm in Toronto. He has over 20 years of experience in the venture capital business focused on seed and early stage investments and growth management.