SEC approves $8B sale of NYSE parent to ICE

WASHINGTON • U.S. regulators have approved the proposed $8 billion sale of the venerable New York Stock Exchange to a much younger futures exchange. The deal is a symbol of how financial markets are being increasingly reshaped by high technology. The Securities and Exchange Commission disclosed Friday that it’s authorized the takeover of the two-centuries-old NYSE’s parent by Atlanta-based IntercontinentalExchange, or ICE. The rival acquiring company, founded in 2000, has expanded rapidly throug...

Share this post