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The Takeover of the NYSE Signals The Age of Derivatives Over Stocks

...Today, as individual investors buy and sell common stocks less and less, the transaction symbolizes the rapidly advancing utilization of vehicles that are too esoteric for the general public to comprehend– futures contracts and options on the direction of interest rates, or oil and natural gas prices, or metals and agricultural products like wheat and corn, or precious metals like gold and silver, and especially credit instruments like mortgages and bank loans.


Intercontinental Exchange to buy NYSE for $8.2B


The New York Stock Exchange is being sold to a little-known rival in Atlanta for about $8 billion, ending more than two centuries of independence for the iconic Big Board. The buyer, IntercontinentalExchange, a 12-year-old exchange that deals in investing contracts known as futures, said Thursday that little would change for the trading floor in Manhattan's financial district.


ICE Moves to Stem Coffee Price Spikes

IntercontinentalExchange is broadening its ability to cancel some trades whenever prices of arabica-coffee futures spike.


Nasdaq, ICE withdraw $11B bid for NYSE Euronext

Nasdaq and IntercontinentalExchange are withdrawing their proposed $11 billion bid for the parent of the New York Stock Exchange after recognizing they would not receive regulatory approval for the transaction.


Nasdaq, ICE Go Hostile in Bid for NYSE

Nasdaq, ICE Go Hostile in Bid for NYSE

Nasdaq OMX and IntercontinentalExchange said they will take their bid for NYSE Euronext directly to shareholders after being rebuffed twice by the exchange.


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