Monday 11 December 2017

NYSE sold for $8bn

THE New York Stock Exchange is being sold to a rival exchange for about $8bn (€6.06bn), ending over two centuries of independence for the exchange.

The buyer is IntercontinentalExchange, an exchange based in Atlanta. However, it was made clear that little will change for the iconic trading floor in Manhattan's financial district. There will be dual headquarters in New York and Atlanta.

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