ICE completes its acquisition of SMX, marking its first step into the fast-growing Asian derivatives market
Intercontinental Exchange (ICE) has completed its
acquisition of the Singapore Mercantile Exchange, marking its
first major step into the fast-growing Asian derivatives
market, writes Jonathan Watkins.
The $150m deal was approved by the Monetary Authority of
Singapore (MAS) less than three months after the takeover was
The agreement, struck in November last year, came within
hours of ICE completing its merger with NYSE Euronext, marking
the end of a year of substantial growth for the exchange
Through the deal to purchase SMX, ICE also takes control of
the bourse’s licenced clearing house, SMXCC.
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