WASHINGTON Aug 16 The U.S. Securities and
Exchange Commission has approved IntercontinentalExchange Inc's
proposed takeover of NYSE Euronext, according to
an Aug. 15 regulatory filing posted on the agency's website
While the SEC is not the U.S. regulator responsible for
reviewing exchange mergers for possible antitrust concerns, the
SEC is required to review them to ensure compliance with federal
regulations governing how exchanges self-police their markets.
ICE announced late last year it was planning to buy NYSE
Euronext, operator of the New York Stock Exchange. Shareholders
of both companies have already signed off on the plan, as has
the European Commission.
(Reporting by Sarah N. Lynch; Editing by Gerald E. McCormick)