Oslo Bors, Toronto Stock Exchange and TSX Venture Exchange sign Memorandum of Understanding
Oslo Bors ASA and Toronto Stock Exchange announced that they will sign a Memorandum of Understanding (MoU), reports www.megafishnet.com with reference to Oslo Bors.
Under the MoU, Toronto Stock Exchange, TSX Venture Exchange and Oslo Bors will explore joint marketing initiatives and cooperate in understanding each other's markets and regulatory regime, explore a framework to promote and facilitate dual listings on each other's exchanges, participate in joint events and roadshows, facilitate introductions to regulatory authorities and capital market professionals and participants in each other's jurisdiction, and more.
To celebrate the signing of the MoU, Oslo Bors representatives including Ms. Bente A. Landsnes, President & CEO, Mr. Oivind Amundsen, Senior Vice President Listing and Issuer Services, Legal Affairs & Market Surveillance, and Mr. Inge Myhrvold, Vice President and Head of Issuer Sales, will join Thomas Kloet, CEO, TMX Group, to open trading today on Toronto Stock Exchange.
"For Oslo Bors it is exiting to further expand our international scope by entering into this MoU with Toronto Stock Exchange. Cooperating on important strategic areas for both exchanges will mutually strengthen our two markets and benefit issuers who wish to expand their investor base," said Ms. Bente A. Landsnes, President and CEO, Oslo Bors.
"We are very pleased to expand our relationship with Oslo Bors," said Thomas Kloet, CEO, TMX Group. "We look forward to further exploring the opportunities to strengthen our ties with the Norwegian and European markets."
Since 2009, Oslo Bors ASA has used Montreal Exchange's SOLA® derivatives trading technology. The MoU builds on the existing relationship between Toronto Stock Exchange and Oslo Bors ASA, which currently have four dual listed issuers.
About TMX Group (TSX-X)
TMX Group's key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, Montreal Exchange, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Equicom and other TMX Group companies provide trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto with offices in Montreal, Calgary and Vancouver. For more information about TMX Group, visit our website at www.tmx.com.
About Oslo Bors ASA
Oslo Bors offers the only regulated markets for securities trading in Norway providing a full product range including equities, derivatives, ETFs, ETNs and fixed income instruments. Oslo Bors is part of the Oslo Bors VPS Group which consists of the four companies Oslo Bors, VPS, Oslo Clearing and Oslo Market Solutions. The group offers marketplaces for listing and trading in securities, registration of ownership and clearing and settlement of securities in Norway, market data and on-line solutions. For more information, please visit www.oslobors.no .