New York Stock Exchange Sold to Upstart Company for 8 + Billion on 12-21-12

So the end of the world did happen on the 21st.

[link to business.time.com]

So yesterday’s announcement that a young, Atlanta-based commodity and derivatives exchange called IntercontinentalExchange (ICE) has agreed to purchase NYSE Euronext for $8.2 billion is just another sign of traditional exchanges’ waning importance on Wall Street. What’s more, analysts believe that the primary appeal of NYSE to ICE was not even its historic trading floor or equity exchange business, but rather for a London-based derivatives exchange it owns, called Liffe.

Read more: [link to business.time.com]