After being “the face of capitalism” for more than 200 years, the iconic New York Stock Exchange (NYSE) will sell for approximately $8 billion to “upstart” rival IntercontinentalExchange Inc. (ICE).

ICE and NYSE Euronext, the group that runs the NYSE, announced the deal Thursday. All that’s left is for market regulators to approve the purchase.

“The buyer … made clear Thursday that little would change for the trading floor in Manhattan’s financial district if regulators approve the deal,” the Associated Press notes.

ICE announced that it would open an office in Manhattan and that NYSE CEO Duncan Niederauer will become president of the conglomerate and CEO of NYSE Group. ICE also said that it hopes the purchase will “create a top exchange operator covering a diverse lineup of markets and boosting efficiency.”

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