Trading

NYSE to buy National Stock Exchange

Acquisition will give the NYSE Group its fourth US exchange license

Wednesday 14 December 2016 at 09:06

The New York Stock Exchange
The New York Stock Exchange

The New York Stock Exchange said Wednesday it has reached an agreement to buy the 131-year-old National Stock Exchange.

Financial terms of the deal weren't disclosed. NYSE said the transaction is expected to close in the first quarter of 2017.