NEW YORK ( TheStreet -- Debra Borchardt: Intercontinental Exchange ( ICE) is going to acquire the New York Stock Exchange ( NYX). Jim, not a total surprise because as you know they were going to do the deal with Deutsche Boerse and the Europeans said no way. Jim Cramer: Right. And it has still been kicked around back and forth. Debra Borchardt: Yes. Yes. Jim Cramer: Obviously it's the ICE buying the... Debra Borchardt: Who would have thought it, right? Jim Cramer: Yeah. And one's a 12 year old company, an upstart, and the other is obviously one of the most venerable companies in America. It's being done to capture the derivative business because the equity business at NYX has been losing share for years. Debra Borchardt: Right. Jim Cramer: The derivative business is a growth business. You can argue if you read Dodd-Frank that everything is going to have to be listed, and maybe listed on this exchange. So clearing is a very good business. So I want to plant that Duncan Niederauer has always been really good to shareholders. They never discontinued that dividend, and he will be staying on with the company. Debra Borchardt: Right. He's going to stay on as president but basically ICE will be the CEO. Jim Cramer: Right. And it's an Atlanta based company. I wonder sometimes if there is, and I was talking to my friend Matt Horween who writes for The Street, it's expensive in New York. I wonder whether ultimately, other than the building, the whole operation does go to Atlanta. It's kind of a CNN merger. Debra Borchardt: What does this mean for NASDAQ ( NDAQ)? And you know they originally were going to do a three way deal back when the stock exchange was talking to the Europeans, but it kind of leaves them out of the place. Jim Cramer: It does. Debra Borchardt: So does it put a big negative on them now? Jim Cramer: I know Greifeld is ferociously independent, and I think that the combination of ICE and NYX is powerful, and I rather that combination even appear than I would on NASDAQ.