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

 
Anonymous Coward
User ID: 27266211
United States
12/22/2012 06:55 PM
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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]
Anonymous Coward (OP)
User ID: 27266211
United States
12/22/2012 07:02 PM
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Re: New York Stock Exchange Sold to Upstart Company for 8 + Billion on 12-21-12
What no takers?

Think about it.... They always sell before the FALL
Useless Cookie Eater

User ID: 29696048
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12/22/2012 07:06 PM

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Re: 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]
 Quoting: Anonymous Coward 27266211


That is just one branch of the NYSE.
...it is not the NYSE parent company / entity. naughty

"NYSE Euronext was formed in a 2007 merger when NYSE Group, parent company of the exchange, got together with Euronext, which owned stock exchanges in Europe."

[link to www.taipeitimes.com]

clues gekko

Last Edited by Useless Cookie Eater on 12/22/2012 07:06 PM
Anonymous Coward (OP)
User ID: 27266211
United States
12/22/2012 07:10 PM
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Re: New York Stock Exchange Sold to Upstart Company for 8 + Billion on 12-21-12
What is this old news to everyone? No one cares? What gives? This should be pinned imo. but who am I, nobody>

Think about it, wouldn't you sell before the company completely failed? I know I would. Let the poor schmuck deal with his loss. I got what I wanted.
Anonymous Coward (OP)
User ID: 27266211
United States
12/22/2012 07:12 PM
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Re: New York Stock Exchange Sold to Upstart Company for 8 + Billion on 12-21-12
well That is gooood news. Its not the stock exchange. lol Thanks for clearing that up for me.

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