London Stock Exchange, Oslo Bors Form Partnership
March 12 2009 - 2:44AM
Dow Jones News
The London Stock Exchange said Thursday that it and Oslo Bors
have entered into a strategic partnership agreement to co-operate
across their equities, fixed income and derivatives markets with a
view to improving market efficiency and liquidity.
As part of the agreement, London Stock Exchange Group will
provide Oslo Bors with TradElect for its equities and fixed income
markets and the SOLA trading platform, under licence from TMX
Group, for its derivatives markets.
The migration of the Oslo Bors cash equities and fixed income
markets to TradElect will take place in the first quarter of 2010,
subject to client readiness.
The migration of the Oslo Børs and EDX derivatives market will
take place in November, subject to client readiness, the LSE
said.
The two companies also anticipate co-operation in areas such as
regulatory policy, operational regulatory processes and the sharing
of market information for regulatory purposes.