Navigate this market better. Subscribe for FREE stock alerts and information.

Thursday, December 20, 2012

ICE CEO says proposal to purchase NYSE 'well received' by regulators, (NYSE: ICE), (NYSE: NYX)

IntercontinentalExchange Inc's $8.2 billion proposal to acquire NYSE Euronext has been "well received" by regulators, ICE Chief Executive Jeffrey Sprecher said on Thursday. Sprecher said he and NYSE CEO Duncan Niederaur just completed a "whirlwind tour" visiting global regulators, particularly the five regulators that oversee the various markets in Europe, ahead of their announcement of the deal on Thursday morning.

IntercontinentalExchange, Inc. (ICE) is an operator of global futures exchanges, over-the-counter (OTC), markets, derivatives clearing houses and post-trade services. Shares of ICE fell by 1.66% or $-2.13/share to $126.18. In the past year, the shares have traded as low as $110.67 and as high as $142.75. On average, 465840 shares of ICE exchange hands on a given day and today's volume is recorded at 4889618.

NYSE Euronext is a global operator of financial markets and provider of trading solutions. Shares of NYX traded higher by 31.48% or $7.57/share to $31.62. In the past year, the shares have traded as low as $22.25 and as high as $31.25. On average, 2618730 shares of NYX exchange hands on a given day and today's volume is recorded at 28980160.



Source