NASDAQ/ICE offer to buy NYSE for $11.3bln

Discussion in 'Wall St. News' started by d08, Apr 1, 2011.

When and if NASDAQ/NYSE platforms are combined, will it affect your trading?

  1. Yes.

    3 vote(s)
  2. No.

    1 vote(s)
  1. d08


    Shaking things up, if this goes through the two platforms will be combined into one at some point, changing things for some participants.

    Nasdaq OMX and IntercontinentalExchange unveiled a rival bid to buy NYSE Euronext for about $11.3 billion in cash and stock, a 19 percent premium to an offer made by German competitor Deutsche Boerse.

    The move, announced on Friday, represents an intense bidding war for NYSE Euronext, whose derivatives trading operations are highly valuable.

    The new bid could also sit better politically, because the idea of a German company taking over the emblematic NYSE headquarters had stirred some political opposition in the United States.

    The offer is valued at $42.50 per share, a premium of 19 percent to the agreement proposed by Deutsche Boerse in February, the companies said in the statement.
  2. ICE charges seem to be a bit higher than eurex charges for futures


    I dont trade stocks only futures.
  3. d08


    This battle is awesome from a spectators POV. I'm really hoping NASDAQ wins and brings NYSE to the 21st century, their medieval "specialist" system is a joke - according to them, the opening prices on NASDAQ are chaotic. quite funny if you ask me.
    What Niederauer is basically saying is that the DB offer is better because he stays on the board, no bias there right?
    With AMEX remaining and BATS going for exchange status, there will also be plenty of minor competition left.
    Anyway, go NASDAQ and go ICE.
  4. It will definitely affect my trading. Although I imagine I'll still be able to trade what I trade, I'll just have to change up my interface a little bit.

    I'm a bit surprised by the 19% premium actually.