Skip to main content

It's Going To Take Something Really Spectacular To Derail The ICE-NYSE Merger Now

  • Author:
  • Updated:

Maybe this is how Gary Gensler goes out with a bang?

The Securities and Exchange Commission approved the IntercontinentalExchange Inc.'s planned takeover of NYSE Euronext, moving the mega-exchange merger one step closer to completion.

The SEC approved the deal in a filing dated Thursday and posted to the SEC's website Friday. Clearance from the SEC is among the last needed for ICE to close its acquisition of NYSE, a tie-up seen creating the world's second-largest exchange operator by market capitalization….

ICE and NYSE have notified the U.S. futures-market regulator, the Commodity Futures Trading Commission, of the planned combination and have received no objection, a person close to the discussions said. A spokesman for the CFTC had no immediate comment. The deal also needs approval from a handful of European market authorities….

The EU took no issue with the ICE-NYSE combination, given the relatively minor overlap between the two companies' marketplaces, and formally approved the deal June 24.

SEC Approves ICE-NYSE Deal [WSJ]


NYSE Now Intentionally Screwing Up to Emphasize Need for ICE Deal

The IntercontinentalExchange really, really wants the Liffe. Oh yea, and the New York Stock Exchange, too. Sure. But it's really, really worried that those damned antitrust bureaucrats are going to screw them, as they are wont to do.

TomasEE [CC BY 3.0], via Wikimedia Commons

NYSE Chief Does Not Want To Antagonize The Biterati

Launching a bitcoin futures contract might seem like a sop to the blockchain gang, but might actually be a plot to destroy our utopian digital currency future.

Maybe E*Trade Should Stop Giving Four-Year Contracts To Its CEOs

Like the four who held the job before him since its, er, difficulties began five-and-a-half years ago, Steve Freiberg did not do a particularly good job running E*Trade. But he's been compensated handsomely for facing the wrath of an angry Ken Griffin before getting a pink slip in August.


Robinhood Giving Shares To Its Poor Users, Sending The Rich (Those Companies) The Bill

As with everything else it does, regulators are getting ready to pull the plug.