The Oslo Stock Exchange (Oslo Børs) and the Toronto Stock Exchange have signed a Memorandum of Understanding (MoU). Under the MoU they will seek ways to cooperate in various fields.
The 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.
“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.