ICE to acquire New York Board of trade

- By Risk Staff
- 01 Oct 2006

IntercontinentalExchange (ICE) is to acquire the New York Board of Trade (Nybot) for $1 billion, subject to approvals, the exchanges have announced.

The merger, which is expected to close in the first half of 2007, will make Nybot a wholly-owned subsidiary of ICE, and two directors from Nybot will join the ICE board.

The deal is seen by analysts to be mutually beneficial, with Nybot products gaining

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