NYSE sold for $8.2B to firm in Atlanta
In October, Jeff Sprecher, chief executive of IntercontinentalExchange, approached NYSE Euronext CEO Duncan Niederauer about teaming up on clearing trades in London.
But Sprecher lated suggested ICE buy NYSE, in what became an $8.2 billion deal announced Thursday.
The deal will link up two powerful derivatives exchange and clearing house operators, but threatens to further reduce the clout of the New York Stock Exchange, which has stood for 200 years as an iconic symbol of U.S. capitalism.
For ICE, the crown jewel of NYSE Euronext is Liffe, Europe's second-largest derivatives market, analysts said.