NYSE Sold to ICE
A less-known company that runs other international trading exchanges will pay $8.2 billion for the New York Stock Exchange.
The NYSE has been sold to IntercontinentalExchange. (Let’s pronounce the merged company as “Nice Ice.”) CNN Money explains…
Trading stocks has been overshadowed in recent years by the growing importance of derivatives and options. Atlanta-based ICE, which operates commodities and derivatives markets around the world, has a larger market value than NYSE Euronext, even though it is not as well known by the general public.
The combined company will have headquarters in Atlanta as well as New York, and NYSE shareholders will hold slightly more than a third of its stock.
Subscribe by email
Like this article? Sign up for our email updates and we’ll send you a regular digest of our newest stories, full of money saving tips and advice, free! We’ll also email you a PDF of Stacy Johnson’s ’205 Ways to Save Money’ as soon as you’ve subscribed. It’s full of great tips that’ll help you save a ton of extra cash. It doesn’t cost a dime, so why wait? Click here to sign up now.
