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.