, an electronic commodities market, is in merger talks with the New York Board of Trade, a rival commodities exchange, according to a published report.
New York Post
says the that exchanges have been negotiation for a while and that the NYBOT's board could discuss the merger at today's meeting.
says the deal would value the NYBOT at about $1 billion.
The ICE is a major competitor of the New York Mercantile Exchange, which filed plans for a $250 million IPO this summer.