The Canadian Trading and Quotation System Inc. announced Thursday that its official launch and first day of trading will be Friday, July 25.

CNQ will provide an automated, well regulated and transparent marketplace for emerging public companies, investment dealers and investors.

“After passing many regulatory and technological milestones in the past year, CNQ’s team is delighted to announce its official launch date,” said Robert Cook, CEO of CNQ, in a news release.

The sign-up of Investment Dealer Association of Canada members is continuing and CNQ is pleased to confirm that to date Byron Securities Ltd., Canaccord Capital Corporation, Scotia Capital Inc., TD Securities Inc. and W.D. Latimer Co. Limited will be participating.

As more dealers are approved, this information will be made available on CNQ’s website at www.cnq.ca. CNQ expects up to 20 dealers will be participating by launch.

CNQ is currently accepting and processing applications for quotation from issuers to ensure that they will be ready to trade on opening day.

“The Issuer approval process takes approximately 20 business days so applications received before June 26, 2003 should have their review completed prior to launch,” Mark Faulkner, manager, quotations, CNQ.

To obtain a CNQ Issuer Application, contact Radhika Joseph at Radhika.Joseph@cnq.ca or 416-572-2000 Ext.2435.

To obtain a CNQ Dealer Application, contact: Natasha Blackburn at Natasha.Blackburn@cnq.ca or 416-572-2000 Ext.2478.

http://www.newswire.ca/releases/May2003/15/c2493.html