ICE buys the New York Stock Exchange (2013)
Intercontinental Exchange, then a 13-year-old energy and derivatives operator, completed its purchase of NYSE Euronext for about $8 billion. The deal handed a young upstart control of the 220-year-old New York Stock Exchange.
ICE spun off the European stock exchanges and kept the U.S. equity and derivatives businesses.
The purchase set ICE's pattern of buying established franchises and layering on data and technology.
The MarketAxess deal follows the same playbook: buy an incumbent venue, then attach ICE's data and network.
