New York Stock Exchange Sold to Rival for $8.2 Billion

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.

The deal announced on Thursday gives commodities and energy bourse ICE control of NYSE Liffe, Europe’s second-largest derivatives exchange, helping it to compete against larger U.S. rival CME Group, owner of the Chicago Board of Trade.

Unlike stock trading, derivatives remain highly profitable for the exchanges, and new rules next year will sharply increase demand for clearing over-the-counter contracts.