Expect to hear more about market structure Sprecher who thinks fragmentation has gone too far.
FORBES: IntercontinentalExchange (ICE) Merger With NYSE Euronext Will Reshape Markets
Intercontinental was led by Jeffrey Sprecher, who'd started the exchange as an over-the-counter energy trading system.
The derivatives business would go to chief executive Jeffrey Sprecher and the IntercontinentalExchange, a derivatives company.
He argued that the Merc's currency had been proved while Sprecher's looked like an investor fad.
Both Duffy and Sprecher were offering stock for the Chicago Board of Trade.
Sprecher also said that ICE will acquire new technologies at NYSE Euronext and will figure out how to use them.
FORBES: IntercontinentalExchange (ICE) Merger With NYSE Euronext Will Reshape Markets
At the IntercontinentalExchange, chief Jeffrey Sprecher has a derivatives exchange and no reason to want to get into the hyper-competitive stock business.
Sprecher, on a conference call with analysts, said he had "firsthand knowledge" that regulators were "looking carefully" at the terms of the merger.
Duffy started with a brief, emotional burst about his Chicago roots--and the fact that buying a condo in town couldn't buy Sprecher citizenship.
The current U.S. market structure, or perhaps the problem is regulations like Sarbanes-Oxley, fails to attract great new companies to go public, said Sprecher.
FORBES: IntercontinentalExchange (ICE) Merger With NYSE Euronext Will Reshape Markets
Mr Battle and Mr Sprecher are among 800, 000 defence employees facing the prospect of 22 days of unpaid leave over the next six months.
Ben Sprecher of the BrainTrust is founder and VP, marketing for Incentive Targeting, a company involved in tying daily deals to loyalty card programs.
For the past three years ICE, run by onetime power plant developer Jeffrey Sprecher, has been constantly accused of being a puppet for Wall Street.
Sprecher will continue as Chairman and CEO of the combined company, while NYSE Euronext head Duncan L. Niederauer will be president of the combined company and CEO of NYSE Group.
Jeffrey Sprecher, chairman and chief executive officer, IntercontinentalExchange, said the infrastructure of the industry had not kept up with the rapid growth derivative markets saw in the past several years, but he said he thinks that is changing.
FORBES: Industry Working To Increase Customer Protection; More Can Be Done - FIA Panel
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