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.

NYSE Sold to ICE Photo (cc) by rudynorff

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.

Brandon Ballenger
Brandon Ballenger @btballenger
I'm a freelance journalist living in South Florida. If I'm not writing, I'm playing video games or at the beach. My favorite spice is oregano, and I thought you should know. I ... More

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