Toronto-based TMX Group Ltd. today announced plans to open an office in Singapore, subject to regulatory approval.

The new office, scheduled to open in 2014, will focus initially on establishing new business relationships and exploring new opportunities for Toronto Stock Exchange, TSX Venture Exchange and Montreal Exchange in the Asia-Pacific region.

“We are very pleased to announce the opening of an office in Singapore,” says Tom Kloet, CEO, TMX Group.

“With an office in Singapore, TMX Group will be able to enhance our product and services offering to our rapidly growing roster of Asia-Pacific clients,” he says.

Beyond North America, TMX Group (TSX:X) continues to work to increase international interest and participation in Canada’s markets through its offices in London, U.K., Beijing and Sydney.