NYSE and Atlanta

[gregm]

Big news for Atlanta with ICE taking over the NYSE it seems. So much of trading is done electronically, I watched a film the other night called floored about the death of physical trading on the floor. I think the shutdown of the NYSE during sandy played a part in this, ICE is one of the world's biggest energy futures market and commodity markets and derivatives are coming to dominate everything, more stuff moving to the cloud and this place seems to have massive electronic trading operations but where is Sandy springs? Atlanta companies preformed the best this year on the stock market and this is big , I wonder if we see the cnbc money honeys broadcasting from Atlanta more. Big money in Atlanta now, Home Depot, Suntrust,UPS,CNN,Coke and now ICE.

Saulty, how far are ICE offices from downtown Atlanta? Congrats Atlanta

 

[Matty]

I don't know the first thing about stock exchanges. Do you need more than one?

 

[Saulty]

http://www.ajc.com/news/business/atlanta-based-ice-to-buy-parent-company-of-new-yor/nTbqD/

The deal, company officials told investors, will keep the New York Stock Exchange on Wall Street and keep New York as a key player in the global financial market.

I don't think the NYSE will move out of Wall Street unless I don't understand what I'm reading.

 

[Saulty]

Sandy Springs is 15 min from downtown and 5 min from my office.

 

[gregm]

I think they will keep the trading floor on wall street but its just a tourist attraction now for the most part. So much of the trading is done electronically. Sandy springs will probably see some enormous real estate deals I would imagine.

 

[Saulty]

I think they will keep the trading floor on wall street but its just a tourist attraction now for the most part. So much of the trading is done electronically. Sandy springs will probably see some enormous real estate deals I would imagine.

I suppose. There is plenty of unused real estate in Atlanta. I don't think they will have a problem getting more real estate.

Do you work for NYSE or ICE?

 

[Boner_18]

Id be willing to bet the majority of ice employees already work and will remain in NYC.. That is if they can even pass antitrust/regulatory. Tis a good move for ice nonetheless. Mazeltov!