TITLE

Growing Pains?

AUTHOR(S)
Trotta, Elizabeth
PUB. DATE
April 2007
SOURCE
Investment Dealers' Digest;4/23/2007, Vol. 73 Issue 16, p6
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses the acquisition of New York Board of Trade (NYBOT) by Intercontinental Exchange Inc. (ICE) in the U.S. The $1.8 billion acquisition is part of its goal to compete with the Chicago Board of Trade/Chicago Mercantile Exchange merger. Due to the 21% layoff of employees, floor traders plan to boycott the electronic trading systems and even buy ads in the "Chicago Tribune" and the "Chicago Sun Times."
ACCESSION #
24851218

 

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