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A New Northern Market

Traders Magazine, August 2003

Editorial Staff

Canada has a new stock market. The Canadian Trading and Quotation System (CNQ) became Canada's third stock market in June when it launched with three listings and nine members. The electronic micro-cap market was created to fill a void left by the demise of the Canadian Dealing Network three years ago. Essentially a quotation service for over-the-counter dealers, the CDN had a reputation for shady dealings in fly-by-night companies. The nine-year old system was shut down by its owners, the Toronto Stock Exchange, or TSX, as part of a major reorganization of Canada's securities markets.

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