On Tuesday, IntercontinentalExchange Inc Chief Executive Jeff Sprecher expressed his confidence over the swift completion of the company's takeover of NYSE Euronext. The American commodities exchange extended an offer of over USD10 billion buyout deal of the Euro-American financial services corporation in December last year. Sprecher said the ICE buyout would be completed within a few days.

ICE's buyout of NYSE Euronext would help the former cut costs and boost its earnings by over 15% in the first year after the deal had been finalized.

In an earlier interview by CBS News, Sprecher said about the consolidation, "We believe the combined company will be better positioned to compete and serve customers across a broad range of asset classes by uniting our global brands, expertise and infrastructure. With a track record of growth and returns, clearing and M&A integration, we are well positioned to transform our combined companies into a premier global exchange operator that remains a leader in market evolution."

The deal would have been finalized on November 4. However, ICE extended the deadline to provide time to obtain approval from European regulators.