Source: The Canadian Press

The Toronto Stock Exchange is looking to partner with its counterpart from Norway on marketing initiatives and possibly the dual listing of stocks on each other’s exchanges.

TMX Group (TSX:X), the parent of the TSX and the junior TSX Venture Exchange, said Monday it has signed a memorandum of understanding with the Oslo Bors ASA to explore opportunities.

“Co-operating on important strategic areas for both exchanges will mutually strengthen our two markets and benefit issuers who wish to expand their investor base,” Bente Landsnes, president and CEO of the Oslo Bors said in a statement.

The two are considering joint marketing initiatives and could set up events and road shows to bring together regulators and capital market professionals from both sides.

Since 2009, the Oslo Bors ASA has used the derivatives trading technology of the Montreal Exchange, which is owned by TMX Group. Currently, there are just four dual-listed stock issuers that trade on both exchanges.

“We are very pleased to expand our relationship with Oslo Bors,” said TMX Group CEO Thomas Kloet.

“We look forward to further exploring the opportunities to strengthen our ties with the Norwegian and European markets.”

Oslo Bors ASA is owned by Oslo Bors VPS Holding ASA.