New York Stock Exchange sold to derivatives company in $8bn takeover
What is creepy is WHO bought it.:
ICE was founded in 2000 by chairman and chief executive officer Jeffrey Sprecher as an electronic commodity trading exchange. Sprecher has grown the business through a series of big deals. ICE now runs the world's biggest energy futures market and commodity markets in the US and Canada. The deal will add NYSE Liffe, the European derivatives exchange to ICE's portfolio, a business Sprecher has long coveted.
"Our transaction is responsive to the evolution of market infrastructure today and offers a range of growth opportunities, while enhancing competition in US and European markets and broadening our ability to address new markets and offer innovative products and services on a global platform," said Sprecher.