Tue, Jul 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

NYSE sells to ICE for $8bn, deal still needs regulatory approval

Thursday, December 27, 2012

Bailey McCann, Opalesque New York: The parent company of the New York Stock Exchange has agreed to sell the exchange to a smaller rival - ICE for $8bn. ICE is based in Atlanta, and is offering a mix of cash and shares to NYSE Euronext,although the deal still needs regulatory approval. According to a report in BBC News if the deal goes forward as currently written ICE will become the third-largest exchange operator in the world.

The offer for the NYSE follows a similar hostile joint bid from ICE and Nasdaq OMX which was blocked by the justice department. This deal signals a coming war for Europe's lucrative derivatives market according to a Reuters account. The deal would give ICE control of commodities and energy on NYSE Liffe, and also gives the firm a significant advantage over Nasdaq OMX and the CME Group in the space. All three companies are working to challenge Deutsche Boerse's control in Europe.

The new derivatives regulations will drive derivatives trades on to clearinghouses and public exchanges - opening up a significant market for exchange operators. With the ICE deal, that company then have a presence in Europe before new regulations take effect, making it harder for companies like CME to gain a strong foothold. Lawyers for the case the sale to move forward given ......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing
  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  2. Hedge fund manager Winton Capital making headway with long-only strategy[more]

    From PIonline.com: North American investors are helping Winton Capital Management Ltd. make progress — albeit slowly — toward its founder's goal of becoming a $100 billion company. The firm's ticket to quadrupling its assets under management is unlikely to be one of its scientifically designed manag

  3. Opalesque Radio: Now is a good time to buy protection cheaply in the options market[more]

    Benedicte Gravrand, Opalesque Geneva: Investors are showing an increased interest in risk parity funds and strategies, Opalesque reported last year. Risk parity strategies have the

  4. The Big Picture: Charlemagne Capital smoothes risk out of frontier market investing with portfolio approach[more]

    Benedicte Gravrand, Opalesque Geneva: Opalesque recently talked to one of the portfolio managers of the Oaks funds, which are emerging and frontier market hedge funds focusing on equity long/short with a directional approach. They are run by

  5. Winton’s low-cost equities fund tops $1bn for first time[more]

    From FT.com: Winton, the London-based hedge fund, has increased the assets in its low-cost equities fund to more than $1bn for the first time in a sign that traditional stock managers may come under increasing pressure from computer-driven rivals. Winton, which manages about $25bn in total ass