The Exchanges
The exchanges I know of that are publicly traded in the US:
NYX
CME
BOT
ISE
ICE
NDAQ
There may be other smaller ones.
Of these, I think that ISE and ICE are the most likely targets for consolidation.
Also of note: the NYMEX is IPOing in the near future (ticker NMX, date not set, but they get $10 million cash from an investor if they do it in 2006...) This could position them as a buyer (ICE would fit nicely) or further down the road, a target (Chicago or New York?).
Doug
NYX
CME
BOT
ISE
ICE
NDAQ
There may be other smaller ones.
Of these, I think that ISE and ICE are the most likely targets for consolidation.
Also of note: the NYMEX is IPOing in the near future (ticker NMX, date not set, but they get $10 million cash from an investor if they do it in 2006...) This could position them as a buyer (ICE would fit nicely) or further down the road, a target (Chicago or New York?).
Doug
posted by Miami at 8:38 PM
3 Comments:
Did anybody read about the tokyo s.e. potentially merging with the LSE? i never saw that coming.. especially after the cbot and cme merger
I think this industry is going to consolidate rather rapidly now that a couple large deals have been made. I think it will be interesting to see if one of the U.S. exchanges follows through on a bid to acquire at least part of a far east exchange and how that would affect trading days around the world.
These exchanges are getting expensive. I think Friday's IPO of NMX has been creating a stir this week. I might play with ICE friday because a strong open to NMX bodes well for the chances of them buying ICE. I personally believe NMX will trade above $100 friday. I am unsure of ICE's prospects as a long or medium term investment.
Doug
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