The CNQ, Canada’s newest stock exchange, now has a satellite office in downtown Vancouver in order to accommodate about a third of the CNQ-listed companies based there.
“We have seen a steady stream of British Columbia-based companies listing on CNQ,” says Robert Cook, the exchange’s CEO. “As our issuer base grows nationwide, the company will examine the business case for opening additional branch offices across Canada.”
The exchange was launched in July 2003 and, less than a year later, recognized by the Ontario Securities Commission as a full-fledged stock exchange.
The CNQ is designed to address the needs of smaller companies and their investors. Shares in 44 listed companies are traded via an electronic trading system. Eighteen investment dealers from across Canada have direct access to the market, and others participate indirectly through correspondents. Details of companies on the exchange can be found at www.cnq.ca
In related news, the CNQ has appointed financial analyst Donald Gordon to the position of senior advisor for the Vancouver branch. In this position he will help drum up business in the province’s investment community, and provide advice to companies looking to list on the exchange. Gordon was previously with the Vancouver Stock Exchange.
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