NYSE-Euronext has a hole in its business that Intercontinental Exchange could fill quite nicely, Cramer told a crowd of rowdy Georgia Tech Yellow Jackets. The Atlanta school was his latest stop on Mad Money’s wildly popular Back to School Tour.
Oil hit passed $90 in electronic trading Thursday, and NYSE-Euronext is missing out on all the action. Meanwhile, Intercontinental is ablaze with activity. Why? Because Intercontinental is a derivatives exchange, which is where oil trades, and that means ICE makes money every time there’s a trade. In the U.S., NYX deals only in equities. So if NYSE-Euronext were to buy Intercontinental, it would be “a marriage made in heaven,” Cramer said.