New York Stock Exchange Now Belongs to Rival ICE

New York Stock Exchange Now Belongs to Rival ICE

The Intercontinental Exchange Group (ICE) has completed its takeover of the New York Stock Exchange in a stock and cash transaction valued at about $11 billion.

The ICE, a futures exchange based in Atlanta, combined with the NYSE and its European branch Euronext has a branch Euronext has a market capitalization of $23 billion.

The combined company operates 16 global exchanges and five central clearing houses. “This is a game-changing transaction,” said ICE Chief Executive Jeffrey Sprecher.

The combination creates the world’s largest operator of global exchanges trading a range of asset classes from equities, derivatives and bonds to metals and agricultural commodities.

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