ICE to Get Cash & Some TMX Group Assets The Intercontinental Exchange (ICE), which owns the New York Stock Exchange (NYSE), is selling a Trayport, a vendor of pre-trade energy solutions for traders, brokers and exchanges, to the TMX Group, parent company of the Toronto Stock Exchange, in exchange for certain TMX Group assets and… Read More >>
U.K. Watchdog Challenges ICE’s Trayport Acquisition
The Intercontinental Exchange (ICE) is pushing back on the provisional findings from the UK’s Competition and Markets Authority’s (CMA) in-depth investigation showing that ICE’s $650 million acquisition of London-based Trayport, a trading software provider, could reduce competition. According to Simon Polito, chair of the CMA’s inquiry, “We examined the merger’s competition risks and given the… Read More >>
BGC Partners Sells Trayport to ICE
Intercontinental Exchange (ICE), the exchanges and clearinghouses network that includes the New York Stock Exchange, reports entering into a definitive agreement to acquire London-based vendor Trayport for $650 million in ICE common stock, representing approximately 2.5 million shares. Trayport, which licenses its technology platform to brokers for electronic and hybrid trade execution, primarily in the European over-the-counter… Read More >>
