Intercontinental Exchange has agreed to sell energy trading technology shop Trayport to Canadian exchange operator TMX Group in a deal worth around £550 million.
The UK's Competition and Markets Authority (CMA) has told Intercontinental Exchange that it must not only sell Trayport but also rip a commercial agreement with the energy trading technology shop it acquired for $650 million less than two years ago. ICE says it will comply.
As announced on March 6 2017, the Competition Appeal Tribunal (CAT) has upheld the Competition and Markets Authority (CMA) decision that ICE should divest Trayport.
The UK's Competition Appeal Tribunal (CAT) has upheld a ruling that Intercontinental Exchange must sell Trayport, the energy trading technology shop it acquired for $650 million in December 2015.
Britain's competition watchdog has ruled that IntercontinentalExchange should sell Trayport to preserve competition in wholesale energy trading markets.
Intercontinental Exchange (ICE), a leading operator of global exchanges and clearing houses and provider of data and listings services, today provided further information to investors on its acquisition of Trayport following the UK’s Competition and Markets Authority’s (CMA) announcement of its provisional findings on August 16, 2016.
The Competition and Markets Authority (CMA) has provisionally found that ICE’s acquisition of Trayport may give rise to competition concerns.
IntercontinentalExchange's takeover of energy trading technology shop Trayport has been referred for an in-depth investigation by the UK's Competition and Markets Authority.
Contango, the specialist derivatives consultancy, is delighted to announce that Paul Constantinou will be working with its sales and business development team, with a specific emphasis on Technology.
Intercontinental Exchange (ICE) is buying Trayport, a trading technology firm focused on the European energy markets, from BGC Partners for $650 million in stock.
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