International Securities Exchange
Associated Press states that the German stock exchange on Monday announced the $2.8 billion acquisition of New York-based ISE, a deal that will create the world’s top options market, rivaling U.S. players like the Chicago Board Options Exchange and Chicago Mercantile Exchange.
I had mentioned just this month that “I find it surprising, that no one has attempted to pick up ISE.”
If you bought the stock at my recommendation, you are up over 35%. I would hold onto it for a little bit here to see if there are any counter bids from other rivals. Even if this is not the case, Germany has been a great market and the German Stock Exchange in itself is a good investment.
– Faisal Laljee
Full Disclosure: I own shares of ISE but my position can change anytime without notice
