NYSE Euronext & IntercontinentalExchange Shareholders Approve Acquisition
- The IntercontinentalExchange (ICE) and NYSE Euronext (NYSE) both announced that shareholders from the two public firms have approved ICE’s proposed acquisition of NYSE. The voting puts the proposed merger set to close pending final regulatory approvals
The IntercontinentalExchange (ICE) and NYSE Euronext (NYSE) both announced that shareholders from the two public firms have approved ICE’s proposed Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of NYSE. The merger, which was announced in December 2012 combines the NYSE’s LIFFE derivatives division with that of the ICE. Although the NYSE is the best known brand among the two companies, the merger is being regarded as a means for the ICE to bolster its derivatives trading to better compete with that of the CME Group and its Globex electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. At current levels, the combined firms will have a market cap of around $21 billion.
At the time of the merger, we wrote that the combined firms could lead to increase FX volumes. While the ICE has a diverse FX product base, and robust trading in its Dollar Index products, overall volumes are well below that of the CME. However, we wrote back in December that the combined derivatives products could lead to more traders embracing the ICE’s platform, which would lead to across the board gains in volumes among different asset classes.
Commenting on the shareholder voting results ICE Chairman and CEO Jeffrey C. Sprecher said “the overwhelming approval by our shareholders confirms our belief that the combined company will be even better positioned to serve customers by combining our respective areas of expertise to create value for our customers and shareholders.”
The IntercontinentalExchange (ICE) and NYSE Euronext (NYSE) both announced that shareholders from the two public firms have approved ICE’s proposed Acquisition Acquisition Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Acquisition means acquiring or taking possession or the securing of property, services, or abilities. To put it simply, it is the act or process of acquiring or gaining. You can acquire a work of art, you can acquire an ability such as speaking another language, you can acquire a business or shares in a company and you can acquire an accountant's service. For example, you can acquire a new car. In a broad sense, Acquisition can mean the act of taking ownership or possession of something. There Read this Term of NYSE. The merger, which was announced in December 2012 combines the NYSE’s LIFFE derivatives division with that of the ICE. Although the NYSE is the best known brand among the two companies, the merger is being regarded as a means for the ICE to bolster its derivatives trading to better compete with that of the CME Group and its Globex electronic Trading Platform Trading Platform In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real In the FX space, a currency trading platform is a software provided by brokers to their respective client base, garnering access as traders in the broader market. Most commonly, this reflects an online interface or mobile app, complete with tools for order processing.Every broker needs one or more trading platforms to accommodate the needs of different clients. Being the backbone of the company’s offering, a trading platform provides clients with quotes, a selection of instruments to trade, real Read this Term. At current levels, the combined firms will have a market cap of around $21 billion.
At the time of the merger, we wrote that the combined firms could lead to increase FX volumes. While the ICE has a diverse FX product base, and robust trading in its Dollar Index products, overall volumes are well below that of the CME. However, we wrote back in December that the combined derivatives products could lead to more traders embracing the ICE’s platform, which would lead to across the board gains in volumes among different asset classes.
Commenting on the shareholder voting results ICE Chairman and CEO Jeffrey C. Sprecher said “the overwhelming approval by our shareholders confirms our belief that the combined company will be even better positioned to serve customers by combining our respective areas of expertise to create value for our customers and shareholders.”