US$350 million deal will accelerate the expansion of ICE’s comprehensive multi-asset class clearing strategy
Thomas Farley to succeed Duncan Niederauer
Deal will add Asia to ICE’s current network of markets and clearing houses in the U.S., Canada, Brazil, the UK and Europe
Newly combined company operates 16 global exchanges and five central clearing houses
Delay will give European regulators more time to issue approvals
Exchanges still waiting for final approvals from Europe
Proposed US$8 billion deal must still be approved by regulators in Europe
Proposed acquisition by IntercontinentalExchange still subject to SEC approval
The acquisition is still subject to approval by regulatory authorities in the U.S. and Europe
Deal will create premier global exchange diversified across markets