It’s official: ICE, an Atlanta-based commodity derivatives exchange which few Americans have ever heard of, is buying the New York Stock Exchange, without much indication that it even cares about the New York Stock Exchange. (The real reason that ICE wants the company is Liffe, NYSE Euronext’s London-based financial derivatives subsidiary.) If all goes according to plan, ICE will happily jettison the Euronext half of NYSE Euronext.
By Felix Salmon: It’s official: ICE, an Atlanta-based commodity derivatives exchange which few Americans have ever heard of, is buying the New York Stock Exchange, without much indication that it even cares about the New York Stock Exchange (NYX).
Martin Hutchinson submits: Stock exchange mergers are all the rage these days. The NYSE Euronext Group (NYSE:NYX) and Deutsche Boerse AG are attempting to merge and the London Stock Exchange Group PLC and TMX Group Inc. are also getting together.
Stockerblog submits: The American Stock Exchange, also known as the AMEX, was founded in 1842 as the New York Curb Exchange. It got that name since stock traders and brokers used to stand on the curb and trade stocks back in the early 1800's. On October 1, 2008, NYSE Euronext (NYX) took over the American Stock Exchange. The AMEX is now known as NYSE Amex Equities.
NewsFactor - Anonymous, the "hacktivist" group that has acquired legendary status, may be threatening to take the Occupy Wall Street protests to a new level. This past weekend, a video message on YouTube, purportedly from Anonymous, vowed to "erase" the New York Stock Exchange "from the Internet." But another message, also said to be from the group, claims the threat is a fake.
Stockerblog submits: American Stock Exchange or AmEx was founded in 1842 at the New York Curb Exchange. On October 1, 2008, NYSE Euronext (NYX) took over the American Stock Exchange. The AmEx is now known as NYSE Amex Equities.
A computer hacker who taunted Japanese police for months with a string of vexing cyber riddles launched the campaign as part of a grudge against authorities, media reports said Tuesday. After cracking a set of riddles, police in Tokyo reportedly found a digital memory card attached to a cat's collar which revealed a message saying "a past experience in a criminal case" had caused the hacker to act.
Stockerblog submits: Many investors believe low price stocks are dead, even those that trade on the New York Stock Exchange (NYX). But look at Flotek Industries Inc. (FTK), the Houston based drilling supply company. The stock traded between 1.06 to 1.36 during the month of July last year. It closed at 6.53 on Friday. This is a 516% increase from its low in less than a year.