Skip to comments.NY Stock Exchange Being Bought For $8.2B By Atlanta-based Intercontinental Exchange
Posted on 12/20/2012 7:00:17 AM PST by SeekAndFindEdited on 12/20/2012 7:03:01 AM PST by Admin Moderator. [history]
The New York Stock Exchange will be acquired by IntercontinentalExchange of Atlanta in a deal valued at about $8.2 billion, the two rivals confirmed Thursday morning.
In matching press releases, they say the sale "combines two leading exchange groups to create a premier global exchange operator diversified across markets including agricultural and energy commodities, credit derivatives, equities and equity derivatives, foreign exchange and interest rates."
(Excerpt) Read more at npr.org ...
Is that all? I wonder what it would have been worth 10 years ago?
Are your alarm bells going off. This is where the biggest bubble exposure in the global financial markets exists.
And is this the opportunity to move the financial center of the US away from NY? That could be a win/win with cost and efficiency.
I spent 35 years in the wholesale hardware distribution business and until 15 years ago the center for the industry was Chicago. For 150 years Chicago was the center of hardware manufacturing, but with the shift of the manufacturing to the Deep South away from labor problems and to offshore, the distribution center offices moved elsewhere because of the cost of operation. It was also made possible by the tech of the times.
Now there is another question, is this the force behind the insanity we face internally in the US. Is this the globalization force that threatens the future of the US?
” Is this the globalization force that threatens the future of the US?”
Guaranteed to fail.
two questions which are important.
will we in the south see it move down here and would that mean more NY City metroseuxal pansy guys moving here too?
IntercontinentalExchange have any ties to Soros?.
Will all the current NYSE personnal be new hires? New pay structure? New HOURS to avoid Obamacare? New pensions?
Inquiring minds want to know.
How much in various taxes did Bloomberg just lose?????
Personal property on all fixtures and machines.
Payroll on employees.
A sudden surge of high end homes up for sale, driving prices down....
Restaurants losing more business...
This could be a big snowball before it is all over!
What if they would move NYSE to a red state? I would love them to screw NYC.
We just need to pass a law outlawing hair gel, mousse, and Ed Hardy t-shirts. They’ll never make it...
Does this mean that the NYSE will become the ASE? They can set up shop in the Atlanta Financial Center in Buckhead. Or maybe the old NationsBank building at North Ave. and W. Peachtree.
“IntercontinentalExchange have any ties to Soros?.”
More tax losses for Bloomie and Como.
Many of the NY city employees will not move to the south and many will not get an offer.
Those not going/moving will find out how unmarketable their so called skills are.