Deal Between NYSE and Amex Will Create a Giant ETF Hub
January 18th at 10:00am by Tom Lydon
The rumors were true: NYSE Euronext announced that it’s buying the American Stock Exchange, a deal that will make the NYSE the leader in exchange traded fund (ETF) listings.
The deal between between the two exchanges was struck for $260 million, reports AFP. NYSE said it also plans to sell Amex’s headquarters in lower Manhattan, and that Amex members will be entitled to receive additional NYSE shares based on the net proceeds from the sale.
