NEW YORK--(BUSINESS WIRE)--The New York Stock Exchange (NYSE), part of Intercontinental Exchange (NYSE:ICE), today announced that it has entered into an agreement to acquire the National Stock Exchange, Inc (NSX). The transaction is expected to close in the first quarter of 2017, subject to customary regulatory approvals. Terms were not disclosed and the financial impact will not be material to ICE.
As a result, subject to Securities and Exchange Commission (SEC) approval, NSX will continue to operate as a licensed National Market System (NMS) exchange, and no longer has plans to cease trading on December 16 as it previously announced.
The acquisition will also give the NYSE Group an additional U.S. exchange license, bringing its total to four. NSX will be distinct from NYSE’s three listings exchanges - NYSE, NYSE MKT and NYSE Arca Equities - which have unique market models designed for corporate and ETP issuers.
The NYSE will engage with NSX members, buy-side participants and retail brokerage firms before finalizing operational plans for NSX.
For more information on listing on the New York Stock Exchange, visit https://www.nyse.com/index
About NYSE Group
NYSE Group is a subsidiary of Intercontinental Exchange (NYSE:ICE), a leading operator of global exchanges and clearing houses, and a provider of data and listings services. NYSE Group includes exchanges, market data and connectivity services. The equity exchanges -- the New York Stock Exchange, NYSE MKT and NYSE Arca -- trade more U.S. equity volume than any other exchange group. NYSE is the premier global venue for capital raising, leading worldwide in IPOs, including technology IPOs. NYSE Arca Options and NYSE Amex Options are leading equity options exchanges.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of global futures, equity and equity options exchanges, as well as global clearing and data services across financial and commodity markets. The New York Stock Exchange is the world leader in capital raising, listings and equities trading.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at www.intercontinentalexchange.com/terms-of-use.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 - Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2015, as filed with the SEC on February 4, 2016.
SOURCE: Intercontinental Exchange