Oslo Bors announced Friday that it will partner with the Norwegian Securities Dealers Association to purchase a 50% stake in the Norwegian Stockbrokers Information Services (FINFO).
FINFO is a subsidiary of the Securities Dealers Association, and manages the operations of the system for trading OTC shares.
An increasing number of the companies listed on Oslo Bors were originally traded through the OTC market, and Oslo Bors says that it thinks the deal with the NSDA will allow it to participate in the development of the OTC market.
“I am impressed by the progress the Norwegian Securities Dealers Association has encouraged with its OTC list, and I am delighted that we have reached agreement to continue this development in close collaboration with the Association,” says Bente Landsnes, president and CEO of Oslo Bors. “The Securities Dealers Association has valuable expertise in this area, and we look forward to continuing our collaboration and uniting our resources and expertise to further develop the OTC market.”