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ICE deal for NYSE creates global powerhouse

Posted By -NO AUTHOR- On 12/20/2012 @ 11:33 pm In Money | No Comments

(New York Times) It was the temple of commerce, the symbol of New York’s status as the nation’s — and for many decades, the world’s — financial center.

Today the New York Stock Exchange building at Broad and Wall Streets in Lower Manhattan is not much more than a television studio. Soon it seems likely that it will not even be owned by a New York company.

The owner of the exchange, NYSE Euronext, agreed on Thursday to be acquired by IntercontinentalExchange, an Atlanta-based upstart that has prospered by trading derivatives over the Internet, for $8.2 billion in cash and stock.

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