Canada's top stock exchange operator TMX Group, which last year fell foul of a shareholder revolt in a bid to merge with the London Stock Exchange, has scaled back its global ambitions to focus on itself, according to the group's chief executive.

Speaking to Financial News yesterday, Tom Kloet, TMX's chief executive since 2008, said that while the group would "opportunistically" consider acquisitions, including the Euronext markets - the Paris, Brussels, Lisbon and Amsterdam exchanges - if they became available, its plans were now more insular.