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A TMX Group sign, the company that runs the Toronto Stock Exchange (TSX), is seen in Toronto on June 23, 2014
A TMX Group sign, the company that runs the Toronto Stock Exchange (TSX), is seen in Toronto on June 23, 2014
(MARK BLINCH/REUTERS)

Could this be the next TMX Group CEO?

The speculation around the next chief executive officer for exchange operator TMX Group Inc. includes a lot of the expected names, and one quite unexpected one. It’s that last one that’s getting some of the most attention.

TMX on Tuesday said CEO Tom Kloet would extend his term by a couple of months to Oct. 31, giving more time to get a replacement in place. That raised expectations that the contenders must include an outsider, since if it was going to be an internal candidate, why the delay?