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ICE will buy NYSE Euronext

Deal announced tomorrow.

Intercontinental Exchange is going to pay $8.2bn for NYSE Euronext, in a deal to be announced on Friday. ICE is 12 years old, and NYSE is 208. Here's the FT:

Under the terms of the deal, ICE has agreed to pay $33.12 per NYSE share in a mixture of cash and shares.

The duo said they would have headquarters in Atlanta, where ICE is based, and New York. ICE is also considering exploring a separate listing of NYSE’s European equities trading businesses.

The move would push ICE, which has grown by offering trading in energy, emissions and commodities, into trading listed interest rate derivatives, the world’s largest asset class.

It's the kind of move that's becoming more likely as next year's changes in the US derivatives market loom.