I don't know about you, but I don't like this one darn bit. Having this very important part of capitalism sold to I.C.E. is just another straw applied to the back of the 237 year old back of the camel called "capitalism".
The intent is to make trading "more efficient and streamlined". I can't imagine that they have in their plans to make trading more streamlined/efficient for the "retail investor", when they decided to pay $8 billion for the NYSE... Retail is very, small potatoes.
The system as we know it is begin transformed right before our eyes, at a very quick rate. Sooner than later, ICE will be able to sell or spin off parts or all of their "holdings". What's next? The NASDAQ? The AMEX? Making ANY part of our capitalist system available to the highest bidder will also remove control of that exchange out of your hands, my hands and U.S.A. hands.
This is going to prove a very rotten deal and the undoing of the retail investor as we know him/her and for capitalism in particular.
You don't need to be an H.G. Welles to be able to foresee a time when exchanges will be able to limit the retail investors participation into trading stocks, using certain criteria that will either eliminate or curtail retail investor access...or make it prohibitive to trade at all.
One day, you may be only "permitted" to own mutual funds...
U.S.A. For Sale. I never thought I'd see the day...
GW was not to " sell " " our " ports to anyone Cal. BUT, clinton sold the port of long beach to china. GW was going to give the ports of dubia security to them and that was so we could camp the CIA right under their camel saddles and watch what was going on all over the middle east constantly. nice try but wrong.
"An attempt by those who own & control most of the world markets to avoid regulatory actions."
That's one of my greatest concerns, hence my comments!
Their ability to subvert and side-step any/all current regulations. The few which protect the "small guy/gal" investors now could easily be deemed as "ineffective", "redundant" or "bureaucratic red tape", giving the current holder of the NYSE "mortgage" carte blanche to devise their own "rules and regulations".
None of which, I'm sure, will look all that favorably upon retail investors.
"America For Sale...get 'em while we're [still] poor and stupid..."