The financial world is closely monitoring the bid by Nasdaq OMX Group (Nasdaq) and IntercontinentalExchange Inc. (ICE) to take over the NYSE Euronext (NYSE) exchange, for $11.3 billion (Dh41.42 billion) in cash and stocks, to foil an earlier bid by the Deutsche Boerse (DBX) to buy the NYSE for nearly $10 billion.
The Nasdaq/ICE bid, if successful, will merge the three biggest equity and options exchanges and the 14th derivative exchange (ICE) in the US together, to form (if it gets regulatory approvals and passes competition scrutiny) the biggest exchange in the World for equity and options trading (Nasdaq/NYSE) and the fourth largest derivative exchange (ICE/NYSE).
This will even affect exchanges in the GCC, where Bourse Dubai has a share in Nasdaq and the Qatar exchange has a share in NYSE.
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