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Deutsche Borse

Done Deal: ICE Seals NYSE Takeover

IntercontinentalExchange (NYSE:ICE) put the finishing touches on its transformative acquisition of NYSE Euronext (NYSE:NYX) on Wednesday, officially ending more than two centuries of independence for the iconic New York Stock Exchange.The transaction creates a juggernaut in the exchange world that has its tentacles in everything from equities and interest rates to energy, foreign exchange and derivatives."This is a game-changing transaction," ICE Chairman and CEO Jeffrey Sprecher said in a statement. "ICE now leads in terms of the breadth and depth of services, best-in-class technology, and access to markets and capital."The transaction thrusts low-profile Sprecher into the exchange world's spotlight. He founded ICE in 2000, turned it into a global network of exchanges and clearing houses and now controls NYSE, which was founded in 1792."I want to put what we did in my company into this 1792 brand: to be innovative, to take risks, to be open and transparent," Sprecher told FOX Business...

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