Pure Trading Completes Full Stock List Inclusion

    TORONTO, Jan. 23 /CNW/ - Canadian Trading and Quotation System Inc, (CNQ)
is pleased to announce that, with the posting of the remaining 242 securities
to its Pure Trading marketplace today, it will have achieved the significant
milestone of providing trading services in all 2226 senior Canadian-listed
    "This achievement is the result of a tremendous amount of time and effort
from the CNQ team, our participating dealers and their supporting systems
vendors. Through all of the months of industry tests and the gradual
implementation of new stocks as dealer and vendor systems demonstrated their
readiness, we never lost sight of the goal: to deliver a better, faster and
cheaper trading experience for our customers", says Richard Carleton,
Vice-President of Corporate Development for CNQ. "Even though we are still at
an early stage, each day we are delivering more than half a million new,
competitively priced, orders to the Canadian markets resulting in narrower
bid/ask spreads and greater liquidity for investors".
    Today, Pure Trading has 77 participating dealers, representing more than
97% of the daily equity trading volume in Canada. With its initial launch of
trading services for 3 stocks on September 14, 2007, Pure Trading became the
first competitive fully electronic equity auction market service to ever
launch in Canada. It has changed the landscape of the Canadian capital markets
to one that is far more competitive domestically, as well as more attractive
to global investors looking to invest in Canadian-listed stocks.
    "We're continuing to see a great deal of international dealer and service
provider interest in connecting to Pure Trading for their clients" says Ian
Bandeen, Vice-Chairman and CEO. "Winning more order flow from these sources
will be a key focus of our efforts in the coming months."

    Pure Trading provides a more effective and cost efficient alternative for
the trading of Canadian equity securities. It is the second major initiative
of CNQ, which launched the first new Canadian stock exchange in over 70 years
in 2003, and which continues to steadily add to its complement of listed
companies, participating dealers and trading volumes. For more information
please visit the websites at www.puretrading.ca and www.cnq.ca.

For further information:

For further information: Lida Preyma, Director, Business Development &
Marketing, Pure Trading, (416) 572-2000 ex 2285, lida@puretrading.ca

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