| Soft commodities represent the main area of overlap between NYSE Euronext and IntercontinentalExchange (ICE). The former is best known for its stock markets and financial futures, while Atlanta-based ICE runs derivatives exchanges heavily geared towards energy products, as well as soft commodities following its acquisition of the New York Board of Trade.
In December, ICE announced that it had agreed to buy NYSE Euronext for $8.2 billion (£5.5 billion). After the completion of the prospective merger, currently undergoing European and US regulatory approvals, ICE will keep the NYSE Euroenext soft commodity derivative contracts based in London and will put a five-year ceiling on their trading fees...............................................Full Article: Source
|