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NYSE, You're Getting Married!

The New York Stock Exchange has just been bought.

By Morgan Housel and Matt Koppenheffer – Dec 27, 2012 at 7:26PM EST

In the following video, Motley Fool analysts Morgan Housel and Matt Koppenheffer discuss the recent purchase of the New York Stock Exchange (NYX +0.00%) by IntercontinentalExchange (ICE 3.22%). They tell us how the mass move toward electronic trading and shrinking profit margins in the stock trading business mean mergers here are a necessity, and how investors shouldn't count their chickens on this particular merger just yet, until it passes regulatory review.

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About the Author

Morgan Housel
Morgan Housel is the best-selling author of The Psychology of Money and Same as Ever. A former economics and finance columnist for Fool.com and analyst for Motley Fool One, he currently serves as a partner at The Collaborative Fund and on the board of directors at Markel.
cmfhousel

Stocks Mentioned

NASDAQ Composite Index Stock Quote
NASDAQ Composite Index
NASDAQINDEX: ^IXIC
$22,672.23
(-0.11%)-$24.87
Intercontinental Exchange Stock Quote
Intercontinental Exchange
NYSE: ICE
$155.34
(-3.02%)-$4.84

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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