The energy-heavy burses of Toronto and Montreal have merged into a new Canadian stock exchange better combining derivatives and equity trading.

Citing a worldwide trend toward combining, the mostly equity TSX Group and the mostly derivative Montreal Exchange Inc. agreed to form a new $1.3 billion company called TMX Group Inc. The deal could lead to better exposure for energy-focused investors for Toronto-listed energy companies.

The new exchange company will be headquartered in Toronto, though it’s board will be 25 percent Quebec-based. Equities will be mostly traded in Toronto, derivatives in Montreal — much like before.

An increasing number of Toronto-listed companies have sought understanding investors in burses like Oslo and London, where their stocks traded in parallel have been known to benefit from traders nearer events offshore, in Russia or in Africa.