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CANADIAN TRADING AND QUOTATION SYSTEM INC. (CNQ)

PROPOSED AMENDMENTS TO CNQ RULES -

ENTRY OF OFF-MARKET ORDERS BY NON-MARKET MAKERS

NOTICE OF COMMISSION APPROVAL

On January 28, 2005 the Commission approved the Proposed Amendments to CNQ Rules -- Entry of Off-Market Orders by Non-Market Makers. The notice and request for comment was published on December 3, 2004 at (2004) 27 OSCB 9803. No comment letters were received.