and the intercontinental exchange ice which also is the parent of n.y.s.e. he new york stock exchange has reached an accord to acquire the chicago stock exchange while the details of the deal are not public some news reports suggest that the value of the chicago stock exchange could be in the neighborhood of seventy million dollars and the other large global exchange operator c.m.e. group the chicago mercantile exchange group has announced they have reached an accord to acquire any x. the u.k. based exchange c.m.e. group c e. terry duffy's said the acquisition will allow c.m.e. group to create significant value and efficiencies for our clients globally and back with us discuss the new exchange purchases of former exchange c. street executive board boris thank you so much for being here it's always great to have you what do you make of this merger mania going on at these large exchanges. great to be here with you bart thanks for having me back i think these are two very different deals the larger one obviously the c.m.e. buying the next group i think what's ve

the head of intercontinental exchange announcing plans to acquire the chicago stock exchange, but accordingthe company will not be moving from its current wonderful city. bloomberg daybreak went to live to atlanta to interview jeffrey sprecher about the planned acquisition, it's plans for the future, and the decision to stay put in georgia. exchangese own 12 around the world, so doing a deal with the chicago change will be our 13th. it is an opportunity to have a presence in chicago. the exchange business today is right technology oriented and atlanta has become a very tech-centrich city, so we can sit here and operate exchange is around the world, chicago just the latest example of that. david: did you come to atlanta because of tech? jeffrey: miami serial entrepreneur and i was living in beverly hills, running another company i had started and i saw an opportunity to bring transparency to the energy business. and i saw a little failing company in atlanta and i acquired it. i came out on a monday morning and there were 47 employees, and i announced that with all of my west coast bias that

coming up, we will speak with the ceo of intercontinental exchange. hicago stock exchange, and how can the company diversify? live from atlanta, this is bloomberg. ♪ ♪ kailey: this is "bloomberg daybreak." i'm kailey leinz. is agreeing to buy an illinois-based company that represents an 80% closing premium for the company. facebook data was shared with cambridge analytica, you may find out soon. facebook will post a detailed data stolen in the scandal. shares of the aluminum producer controlled by the russian producer oleg deripaska plunged today. sanctions make it almost impossible for deripaska's empire to do business in u.s. dollars. that is your bloomberg business flash. alix: thank you. the intercontinental stock exchange is growing its global exchange empire. the parent company of the u.s. stock exchange really -- recently announced it is buying the chicago stock exchange less than two month after u.s. regulators blocked the sale. joining us now is jeffrey jeffrey pressure -- jeffrey sprecher. chicago, and you are based in atlanta. why? sofrey: w

vonnie: that is the ceo of intercontinental exchange speaking with david westin and alix steel. day in the united states. the dow and s&p 500 are both up 1.1%. the nasdaq firing on all cylinders to take back some of friday's losses. currencies are very interesting today as well. here we were up earlier, we come back from the highs. investors digesting the ongoing -- goings-on between the u.s. and china. we have russia and syria. russian markets are the most wild today. the biggest decline in russian stocks in four years. credit risk is rising as well. a look at what's happening in the currency markets today. bloomberg. ♪ mark: it is 11:00 and new york and 4:00 p.m. in london. 30 minutes left in the trading day in europe today. from bloomberg's european headquarters, i mark barton. vonnie: in new york, i am vonnie quinn. this is the european close on "bloomberg markets." ♪ mark: here at the top stories we're covering from the bloomberg and around the world. deutsche bank is taking the reins of europe's investment bank after weeks of turmoil. can he steer the bank through its curr