Deal gets green light

The European Commission has approved InterContinental Exchange's proposed $US8.2 billion ($8.9 billion) takeover of NYSE Euronext, saying the two are not direct competitors in most markets. The acquisition gives ICE control of London-based Liffe - Europe's second-largest derivatives market - and the New York Stock Exchange.

The European Commission has approved InterContinental Exchange's proposed $US8.2 billion ($8.9 billion) takeover of NYSE Euronext, saying the two are not direct competitors in most markets. The acquisition gives ICE control of London-based Liffe - Europe's second-largest derivatives market - and the New York Stock Exchange.

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