Editorial: cuckoo in the nest

The rumours that Intercontinental Exchange (ICE) and New York Board of Trade (Nybot) could be in merger talks were initially greeted by many with surprise bordering on disbelief. While it is taken as read that every exchange has talked to every other one about the possibility of a combination, the idea of ICE getting into bed with the tenant (and long-time ally) of it's greatest rival,...