Toronto’s TMX stock exchange eyes European opportunities

CANADIAN stock exchange operator TMX yesterday signalled its interest in further European expansion, despite the failure of last year’s attempted merger with the London Stock Exchange.

Chief executive Tom Kloet last night told an audience at Canada House in Trafalgar Square: “Europe presents exciting opportunities for all parts of our business. Our London office provides us with an important presence that helps us explore these opportunities.”

Earlier Kloet had talked of “capitalising on new business opportunities” in the capital and hinted that he might consider moving listings staff to the city.

The Toronto-based firm opened its London office in 2011 and boosted its presence by purchasing technology firm Atrium Network.

TMX is currently the subject of a C$3.8bn (£2.4bn) takeover bid from a group of Canadian banks known as the Maple Group. The deal is expected to complete next month.