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Companies & Markets

NYSE-owner ICE to buy trading platform for US$650m

Published Mon, Nov 16, 2015 · 01:16 PM
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[BENGALURU] Intercontinental Exchange Inc, the owner of the New York Stock Exchange, said it would buy commodities trading platform Trayport from BGC Partners Inc and GFI Group Inc for US$650 million in stock.

ICE said the deal would help it to provide new services to the European over-the-counter energy markets, including power, natural gas and coal.

GFI Group is a majority-owned unit of BGC.

REUTERS

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