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ICE chief eyes UK opportunities

Markets infrastructure leaving UK after Brexit not in Europe's best interest, says Atlanta exchange group's CEO as Q3 profits and revenues rise

Jeff Sprecher
Jeff Sprecher Photo: Getty Images

The chief executive of Intercontinental Exchange believes the £21 billion tie-up between rivals London Stock Exchange and Deutsche Börse could lead to opportunities for the Atlanta-based exchange to invest in the UK.

ICE's chairman and CEO Jeffrey Sprecher reiterated to analysts on a November 1 earnings call that the the group decided not to make a counterbid for the LSE in the "absence of sufficient information to establish the value of a bid, coupled with our concerns about the effects on the company of a Brexit vote".

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