Brokers like ICAP and BGC Partners make around a third of their revenue from the $640 trillion industry for trading swaps- financial instruments used by companies to cover their exposure to changes in interest rates, foreign exchange rates and credit ratings.
NEW YORK, Dec 24- A pension fund that holds shares of NYSE Euronext has sued the exchange operator over its proposed $8.2 billion sale to IntercontinentalExchange Inc, saying the deal undervalues the company's stock.
*Takeover values NYSE Euronext at $8.2 bln. LONDON, Dec 21- IntercontinentalExchange's $8.2 billion takeover of NYSE Euronext sets the scene for a four-way battle over Europe's lucrative financial derivatives market.
*Takeover values NYSE Euronext at $8.2 bln. LONDON, Dec 21- 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.
Dec 21- Duncan Niederauer, the chief executive of New York Stock Exchange operator NYSE Euronext, once boldly proclaimed that his company could not be acquired. But with the agreement by IntercontinentalExchange to buy NYSE Euronext for $8.2 billion, Niederauer has accepted he will have to at the very least play second fiddle.
*ICE buying NYSE Euronext for $8 billion. NEW YORK, Dec 20- After its blockbuster $8 billion deal to buy NYSE Euronext, the IntercontinentalExchange will have a near monopoly on futures trading in the world's tastiest commodities, from sugar to cocoa to coffee.
*Takeover values NYSE Euronext at $8.2 bln. NEW YORK/ LONDON, Dec 20- IntercontinentalExchange struck an $8.2 billion deal to buy NYSE Euronext, a combination that will propel the commodities market powerhouse into European financial futures but threaten to further reduce the clout of the New York Stock Exchange.
*Takeover values NYSE Euronext at $8.2 bln. *Deal marks end of era for New York Stock Exchange. NEW YORK/ LONDON, Dec 20- IntercontinentalExchange 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.
Dec 20- Here is a look at the world's top exchanges by market capitalisation as IntercontinentalExchange agreed on Thursday to pay $8 billion for NYSE Euronext in a deal that will it take on arch-rival CME Group:.
*Deal values NYSE Euronext at $8.2 bln. NEW YORK/ LONDON, Dec 20- IntercontinentalExchange agreed a $8 billion deal to buy New York Stock Exchange owner NYSE Euronext on Thursday, propelling the commodities player into the big league of European derivatives and helping it to take on arch rival CME Group.
NEW YORK/ LONDON, Dec 20- IntercontinentalExchange is in talks to buy New York Stock Exchange owner NYSE Euronext, in a multi-billion dollar deal designed to push it into the big league of European derivatives and take on arch rival CME Group. As well as the 200- year old New York exchange, the NYSE also owns bourses in Paris, Amsterdam, Brussels and Lisbon.