NYSE NYSE: NYX Rents Trading Floor Space To ICE NYSE:ICE
NYSE NYSE: NYX Rents Trading Floor Space To ICE NYSE:ICE
CME, VNO
NYSE Euronext has agreed to rent space on its New York Stock Exchange trading floor to its planned buyer, IntercontinentalExchange Inc. NYSE:ICE, according to a filing with the Securities and Exchange Commission late Wednesday.
The move would see about 40 ICE futures traders relocate from their current workplace 12 blocks across lower Manhattan, rival exchange operator CME Group Inc.’s NYSE:CME New York Merc.
Regulators and shareholders are currently reviewing ICE’s $8.2-B takeover deal for NYSE.
“It’s an efficient way to utilize the existing physical exchange space while supporting the role the floor community plays,” an NYSE spokesman said.
Both companies declined to comment on the terms of the deal.
A spokesman for Vornado Realty Trust NYSE:VNO, which owns the building, could not be reached for comment.
A CME spokeswoman could not immediately be reached for comment late Wednesday.
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