By John McCrank and Luke Jeffs, Reuters | December 21, 2012
IntercontinentalExchange's $8.2 billion takeover of New York Stock Exchange owner NYSE Euronext allows it to tap into a dramatic expansion of demand for clearing financial derivatives expected next year.
By John McCrank and Sophie Sassard, Reuters | December 20, 2012
agreed an $8 billion deal to buy New York Stock Exchange owner
NYSE Euronext on Thursday, propelling the commodities player
into European financial futures and helping it to take on arch
rival CME Group.
NYSE Euronext suspended
trading in over 200 stocks on the New York Stock Exchange on
Monday due to a technical problem with a server, although the
stocks in question continued trading on other markets.
Wall Street firms were set to open with limited staffing on Monday, as stock markets remain closed ahead of Hurricane Sandy's approach and many traders in other markets as well as other financial professionals worked from home.
By April of 2005- when the IPE floor finally shut- NYMEX wasstill months away from opening its London pit. By September- themomentum had been lost., Reuters | August 21, 2012
It's probably a good thing for the CME Group that the plans to set up a new European exchange bear almost no resemblance to a costly, failed effort by its New York unit to cross the Atlantic eight years ago.