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 1.50%). 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.
The New York Stock Exchange has just been bought.
About the Author
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.