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	<title>BrokerDealer Blog &#187; Deutsche Boerse Eurex</title>
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		<title>BrokerDealer Bastion Up For Sale: Iconic NYSE Rumoured To Be On Auction Block</title>
		<link>http://brokerdealer.com/blog/brokerdealer-bastion-sale-iconic-nyse-rumoured-auction-block/</link>
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		<pubDate>Mon, 29 Dec 2014 13:20:39 +0000</pubDate>
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		<category><![CDATA[Jeffrey Sprecher]]></category>
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		<category><![CDATA[NYSE Euronext]]></category>

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		<description><![CDATA[<p>Brokerdealer.com blog update below is courtesy of the NY Post, the Rupert Murdoch-owned publication best known for incendiary headlines and its &#8220;Page 6&#8243; gossip column. The veracity of this story by reporter John Aidan Byrne is therefore yet-to-be confirmed by any officials of NYSE owner InterContinental Exchange.* (Editor note: as of 08.40 ET, the NYSE [&#8230;]</p>
<p>The post <a rel="nofollow" href="http://brokerdealer.com/blog/brokerdealer-bastion-sale-iconic-nyse-rumoured-auction-block/">BrokerDealer Bastion Up For Sale: Iconic NYSE Rumoured To Be On Auction Block</a> appeared first on <a rel="nofollow" href="http://brokerdealer.com/blog">BrokerDealer Blog</a>.</p>
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				<content:encoded><![CDATA[<p><a href="http://brokerdealer.com/blog/wp-content/uploads/2014/12/nyse2.jpg"><img class="alignleft size-full wp-image-788" src="http://brokerdealer.com/blog/wp-content/uploads/2014/12/nyse2.jpg" alt="nyse2" width="255" height="198" /></a>Brokerdealer.com blog update below is courtesy of the NY Post, the Rupert Murdoch-owned publication best known for incendiary headlines and its &#8220;Page 6&#8243; gossip column. <em>The veracity of this story by reporter John Aidan Byrne is therefore yet-to-be confirmed by any officials of NYSE owner InterContinental Exchange.* (Editor note: as of 08.40 ET, the NYSE did issue a statement: &#8220;This story is completely unfounded and simply not true.&#8221;</em></p>
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<p>The New York Stock Exchange is back in play — and it may be sold lock, “stock” and building as soon as next year, The Post has learned.</p>
<p>Big Board owner Intercontinental Exchange (ICE) is laying the groundwork. The latest all-out drive to make it more profitable, powered by better and faster technology — and a regulatory overhaul to regain market share — is pure window dressing, according to analysts and knowledgeable exchange watchers.</p>
<p>This window-dressing could presage the once unthinkable: the closure of the Big Board’s iconic trading floor.</p>
<p>“There is only one move, and that is a sale or spinoff of the NYSE,” said Jim Osman, chief executive of the Edge Consulting Group in London, a research firm that specializes in spinoffs and special situations.</p>
<p><a href="http://brokerdealer.com/blog/wp-content/uploads/2014/12/nyse.jpg"><img class="alignleft size-full wp-image-786" src="http://brokerdealer.com/blog/wp-content/uploads/2014/12/nyse.jpg" alt="nyse" width="259" height="194" /></a>Osman, speaking to The Post in the wake of the NYSE’s latest plans to slash trading fees and punch high-speed competitors and dark pools in the gut, said the rationale made sense now that ICE has divested most of its stake in Euronext.</p>
<p>The Atlanta-based ICE, led by Jeffrey Sprecher, retained the prized international derivatives portion of Euro-next. That prompted Osman to conclude the next step could see it parting company with the Big Board’s equities franchise in lower Manhattan.</p>
<p>“We believe post-divestiture of the European business, it might now look to divest NYSE — the cash equities exchange — considering the fact that its core interest area [is] the [London International Financial Futures and Options Exchange] business that provides a duopoly for ICE in the European derivatives market along with [rival] Deutsche Boerse’s Eurex platform,” according to Osman.</p>
<p>Despite efforts to fortify the NYSE’s struggling stock-trading business, Osman’s view gained traction last week. The exchange’s latest multimillion-dollar renovation to spruce up its famous neoclassical building fronted by Corinthian columns is also seen as more pre-sale window dressing.</p>
<p>For the full story from the NY Post, please click<a href="http://nypost.com/2014/12/28/signs-point-to-new-york-stock-exchange-going-up-for-sale/" target="_blank"> here</a>.</p>
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<p>The post <a rel="nofollow" href="http://brokerdealer.com/blog/brokerdealer-bastion-sale-iconic-nyse-rumoured-auction-block/">BrokerDealer Bastion Up For Sale: Iconic NYSE Rumoured To Be On Auction Block</a> appeared first on <a rel="nofollow" href="http://brokerdealer.com/blog">BrokerDealer Blog</a>.</p>
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