let's get to bob pisani with duncan niederauer. >> he's fresh off his fireside chat with ceos and other global exchange conference. duncan, thanks very much for joining us. shareholders approved the ice merger this week, ice shareholders also approved it. what's the next step here in this merger? >> the next step for us, bob, for both of us, is to wait to hear from the european commission and our college of regulators in europe. we should have a lot clearer picture of where we stand and what the path to a closing is by the end of june. so we expect to hear from both the anti-trust authorities and our local regulators in europe some time in late june. that will be the next step. >> and that was june 24th, as i recall, is that right? >> that's right. june 24th is simply the end of what's called the phase one review on the european side. so we will be given an answer as to whether there's no further work to do at that time, or whether they need time to review the deal by then. we'll be able to give people a much clearer picture as a path to closing at this time. >> is it fair to say this i

i'll tell you this while interview nicely chief, duncan niederauer.y really annoyed by this. niederauer is not liking this. what this occurred inside boardrooms, very rich men with very sharp elbows how they act. what is interesting. you have two players. you have the nicely. nasdaq, both publicly-traded guys. guess what? they're fighting increasingly for business and using everything at their disposal to get new listings. companies that pay the listing fee to list on the exchange using everything at their disposal. it is a lot of money at stake here. what the new york stock exchange is doing, this is what nasdaq would tell you, by the way we wrote this. it is on fbn.com. you can read the entire story. the new york stock exchange is using the facebook debacle, remember, ipo blew up because of a technical glitch and nasdaq. guess what? companies like time joyce's lost a lot of money in that thing in that fiasco. they're using that to say, don't go with the nasdaq their system can't be trusted. go to us. nasdaq is fighting back, listen what happened ton